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PART II. REAL AND PERSONAL PROPERTY AND DOMESTIC RELATIONS

TITLE II. DESCENT AND DISTRIBUTION, WILLS, ESTATES OF DECEASED PERSONS AND ABSENTEES, GUARDIANSHIP, CONSERVATORSHIP AND TRUSTS

CHAPTER 201E. UNIFORM TRANSFER ON DEATH SECURITY REGISTRATION ACT

PART 3. REGISTRATION IN BENEFICIARY FORM, TRANSFER ON DEATH

Chapter 201E: Section 302. Transfer on death

Section 302. (a) A transfer on death resulting from a registration in beneficiary form shall be effective by reason of the contract regarding the registration between the owner and the registering entity and by reason of this chapter and is therefore not testamentary.

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