Sec. 45a-468g. Ownership on death of owner.
Sec. 45a-468g. Ownership on death of owner. On death of a sole owner or the
last to die of all multiple owners, ownership of securities registered in beneficiary form
passes to the beneficiary or beneficiaries who survive all owners. On proof of death of
all owners and compliance with any applicable requirements of the registering entity,
a security registered in beneficiary form may be reregistered in the name of the beneficiary or beneficiaries who survived the death of all owners. Until division of the security
after the death of all owners, multiple beneficiaries surviving the death of all owners
hold their interests as tenants in common. If no beneficiary survives the death of all
owners, the security belongs to the estate of the deceased sole owner or the estate of the
last to die of all multiple owners.
(P.A. 97-42, S. 7.)