Statutes > Kansas Statutes > Chapter 17 CORPORATIONS > Article 49a UNIFORM TRANSFER ON DEATH SECURITY REGISTRATION ACT > 17-49a09. Nontestamentary transfer on death.

17-49a09. Nontestamentary transfer on death.

17-49a09

Chapter 17.--CORPORATIONS
Article 49a.--UNIFORM TRANSFER ON DEATH SECURITY REGISTRATION ACT

      17-49a09.   Nontestamentary transfer on death. (a) A transfer on death resulting from a registration in beneficiary form is effective by reason of the contract regarding the registration between the owner and the registering entity and this act and is not testamentary.

      (b)   This act does not limit the right of creditors of security owners against beneficiaries and other transferees under other laws of this state.

      History:   L. 1994, ch. 44, § 9; July 1.