South Carolina Statutes

§ 35-6-60 — Ownership not affected until owner's death; cancellation or change.

South Carolina·Title 35 SECURITIES·Ch. 6 UNIFORM TRANSFER ON DEATH SECURITY REGISTRATION ACT

The designation of a transfer on death beneficiary on a registration in beneficiary form has no effect on ownership until the owner's death. A registration of a security in beneficiary form may be canceled or changed at any time by the sole owner or all then surviving owners, without the consent of the beneficiary.

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South Carolina § 35-6-60 (Ownership not affected until owner's death; cancellation or change.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

HISTORY: 1997 Act No. 102, SECTION 1, eff June 13, 1997.

Nearby Sections

10

§ 35-6-10

Short title; definitions.

§ 35-6-100

Registering entities; establishment of terms and conditions under which they will receive requests.

§ 35-6-20

Individuals eligible to obtain registration in beneficiary form; multiple owners of security.

§ 35-6-30

Security allowed to be registered in beneficiary form when form authorized by certain laws; presumption of validity.

§ 35-6-40

Designation of beneficiary to take ownership upon death of owner or owners to be included for security to be registered in beneficiary form.

§ 35-6-50

Certain words signify registration in beneficiary form.

§ 35-6-60

Ownership not affected until owner's death; cancellation or change.

§ 35-6-70

Death of sole owner or last of multiple owners; passing of ownership; reregistration; lack of surviving beneficiary.

§ 35-6-80

Registering entities; duties and protections.

§ 35-6-90

Effectiveness of transfer on death by reason of contract; effect of chapter on rights of creditors of security owners against beneficiaries and transferees.

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