Rhode Island § 7-11.1-10 § 7-11.1-10. Nontestamentary transfer on death.

Rhode Island Statutes

§ 7-11.1-10 — § 7-11.1-10. Nontestamentary transfer on death.

Rhode Island·Title 7 Corporations, Associations and Partnerships·Ch. 7-11.1 The Uniform Transfer on Death Security Registration Act

§ 7-11.1-10. Nontestamentary transfer on death.
(a) A transfer on death resulting from a registration in beneficiary form pursuant to
            this chapter is effective by reason of the contract regarding the registration between
            the owner and the registering entity, is not testamentary, and any security being
            transferred by it is not considered an asset of the decedent's estate subject to probate.
         
(b) This chapter does not limit the rights of creditors of security owners against beneficiaries
            and other transferees under other laws of the state.
         

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§ 7-11.1-10. Nontestamentary transfer on death.

(a) A transfer on death resulting from a registration in beneficiary form pursuant to this chapter is effective by reason of the contract regarding the registration between the owner and the registering entity, is not testamentary, and any security being transferred by it is not considered an asset of the decedent's estate subject to probate.

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

Rhode Island § 7-11.1-10 (§ 7-11.1-10. Nontestamentary transfer on death.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.