Indiana § 32-17-14-32 Out-of-state beneficiary designations

Indiana Statutes

§ 32-17-14-32 — Out-of-state beneficiary designations

Indiana·Title 32 PROPERTY·Art. 17 INTERESTS IN PROPERTY·Ch. 14 Transfer on Death Property Act

(a)Except for transfer on death deeds, a beneficiary designation that purports to have been made and is valid under:

(1)the Uniform Probate Code as enacted by another state;

(2)the Uniform TOD Security Registration Law as enacted by another state; or

(3)a similar law of another state; is governed by the law of that state.

(b)A transfer on death transfer subject to a law described in subsection (a) may be executed and enforced in Indiana.

(c)Except for transfer on death deeds, the meaning and legal effect of a transfer on death transfer is determined by the law of the state selected in a governing instrument or beneficiary designation.

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(a) Except for transfer on death deeds, a
beneficiary designation that purports to have been made and is valid
under:
(1) the Uniform Probate Code as enacted by another state;
(2) the Uniform TOD Security Registration Law as enacted by
another state; or
(3) a similar law of another state;
is governed by the law of that state.
(b) A transfer on death transfer subject to a law described in
subsection (a) may be executed and enforced in Indiana.
(c) Except for transfer on death deeds, the meaning and legal effect
of a transfer on death transfer is determined by the law of the state
selected in a governing instrument or beneficiary designation.

Indiana § 32-17-14-32 (Out-of-state beneficiary designations) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.