29A-6 NON-PROBATE TRANSFERS
PART 1. MULTIPLE-PARTY ACCOUNTS.
Definition of terms.
Application to controversies between parties and between parties and P.O.D.
Ownership of joint account, P.O.D.
Rights of survivorship upon death of party to joint account, P.O.D.
Rights of survivorship determined by form of account at death of party--Alteration of form.
Effectiveness of transfers--Not considered testamentary.
Payment to surviving party from multiple-party account--Liability for debts and expenses
of administration--Procedure--Liability of financial institution.
Financial institution as party to multiple-party accounts.
Payments from joint account to party, personal representative or heirs.
Payment from trust account to trustee, personal representative, heirs or beneficiary.
Financial institution discharged from claims--Exception where notice given.
Right of financial institution to setoff--Amount.
Provisions deemed nontestamentary--Rights of creditors not limited.
Payment of P.O.D.
PART 2. RESERVED
PART 3. UNIFORM TOD SECURITY REGISTRATION ACT.
Registration in beneficiary form--Sale or joint tenancy ownership.
Registration in beneficiary form--Applicable law.
Origination of registration in beneficiary form.
Form of registration in beneficiary form.
Effect of registration in beneficiary form.
Ownership on death of owner.
Protection of registering entity.
Nontestamentary transfer on death.
Terms, conditions, and forms for registration.
Application of part.