§ 30.1-31-01 — (6-101) Nonprobate transfers on death

1. A provision for a nonprobate transfer on death in an insurance policy, contract of
employment, bond, mortgage, promissory note, certificated or uncertificated security,
account agreement, custodial agreement, deposit agreement, compensation plan,
pension plan, individual retirement plan, employee benefit plan, trust, conveyance,
deed of gift, marital property agreement, or other written instrument of a similar nature
is nontestamentary. This subsection includes a written provision that:
a. Money or other benefits due to, controlled by, or owned by a decedent before
death must be paid after the decedent's death to a person whom the decedent
designates either in the instrument or in a separate writing, including a will,
executed either before or at the same time as the instrument, or later;
b. Money due or to become due under the instrument ceases to be payable in the
event of death of the promisee or the promisor before payment or demand; or
c. Any property controlled by or owned by the decedent before death which is the
subject of the instrument passes to a person the decedent designates either in
the instrument or in a separate writing, including a will, executed either before or
at the same time as the instrument, or later.
2. Subsection 1 does not limit rights of creditors under other laws of this state.