§ 633D.2 — Definitions

Iowa § 633D.2

• Jurisdiction: Iowa
• Title XV: JUDICIAL BRANCH AND JUDICIAL PROCEDURES
• Ch. 633D: TRANSFER ON DEATH SECURITY REGISTRATION

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As used in this chapter, unless the context otherwise requires:
1. “Beneficiary form” means a registration of a security which indicates the present owner
ofthesecurityandtheintentionoftheownerregardingthepersonwhowillbecometheowner
of the security upon the death of the owner.
2. “Devisee” means any person designated in a will to receive a disposition of real or
personal property.
3. “Heir” means a person, including the surviving spouse, who is entitled under the
statutes of intestate succession to the property of a decedent.
4. “Register” means to issue a certificate showing the ownership of a certificated security
or, in the case of an uncertificated security, to initiate or transfer an account showing
ownership of the security.
5. “Registering entity” means a person who originates or transfers a security title by
registration, including a broker maintaining security accounts for customers and a transfer
agent or other person acting for or as an issuer of securities.
6. “Security” means a security as defined in section 502.102. For purposes of this chapter,
“security” includes, but is not limited to, a certificated security, an uncertificated security, and
a security account.
7. “Security account” means any of the following:
a. Any of the following:
(1) A reinvestment account associated with a security.
(2) A securities account with a broker.
(3) A cash balance in a brokerage account.
(4) Cash, interest, earnings, or dividends earned or declared on a security in an account, a
reinvestment account, or a brokerage account, whether or not credited to the account before
the owner’s death.
b. A cash balance or other property held for or due to the owner of a security as a
§633D.2, TRANSFER ON DEATH SECURITY REGISTRATION 2
replacement for or product of an account security, whether or not credited to the account
before the owner’s death.
c. An investment management or custody account with a bank, trust company, or a trust
division of a bank with trust powers, including the securities in the account, cash balance in
the account, cash, cash equivalents, interest, earnings, and dividends earned or declared on
a security in the account whether or not credited to the account before the owner’s death.
For purposes of this paragraph, “bank” means an entity as defined in section 12C.1.
8. “State” includes any state of the United States, the District of Columbia, the
Commonwealth of Puerto Rico, and any territory or possession subject to the legislative
authority of the United States.