Pennsylvania § 6409 Nontestamentary transfer on death

Pennsylvania Statutes

§ 6409 — Nontestamentary transfer on death

Pennsylvania·Title 20 DECEDENTS, ESTATES AND FIDUCIARIES·Ch. 64 TRANSFER ON DEATH SECURITY REGISTRATION

(a)General rule.--A transfer on death resulting from a registration in beneficiary form is effective by reason of the contract regarding the registration between the owner and the registering entity and this chapter and is not testamentary.

(b)Creditors.--This chapter does not limit the rights of creditors of security owners against beneficiaries and other transferees under other laws of this Commonwealth.

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(a) General rule.--A transfer on death resulting from a registration in beneficiary form is effective by reason of the contract regarding the registration between the owner and the registering entity and this chapter and is not testamentary.

(b) Creditors.--This chapter does not limit the rights of creditors of security owners against beneficiaries and other transferees under other laws of this Commonwealth.

Pennsylvania § 6409 (Nontestamentary transfer on death) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.