Mass. General Laws c.190B § 6-304

Origination of registration in beneficiary form

This is an unofficial version of a Massachusetts General Law.

Section 6-304

A security, whether evidenced by certificate or account, is registered in beneficiary form when the registration includes a designation of a beneficiary to take the ownership at the death of the owner or the deaths of all multiple owners.

Comment

As noted above in commentary to Section 6-302, this Part places no restriction on who may be designated beneficiary in a registration in beneficiary form.