Statutes > Massachusetts Statutes > 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 190B MASSACHUSETTS UNIFORM PROBATE CODE > ARTICLE VI NONPROBATE TRANSFERS ON DEATH > Section 6-302 Registration in beneficiary form; sole or joint tenancy ownership

Section 6-302 Registration in beneficiary form; sole or joint tenancy ownership

[Text of section added by 2008, 521, Sec. 9 effective July 1, 2011. See 2008, 521, Sec. 44.]

Section 6-302. [Registration in Beneficiary Form; Sole or Joint Tenancy Ownership.]

Only individuals whose registration of a security shows sole ownership by 1 individual or multiple ownership by 2 or more with rights of survivorship, rather than as tenants in common, may obtain registration in beneficiary form. Multiple owners of a security registered in beneficiary form hold as joint tenants with rights of survivorship, or as tenants by the entireties, and not as tenants in common.