Statutes > Michigan Statutes > Chapter 700 - ESTATES AND PROTECTED INDIVIDUALS CODE > Act 386 of 1998 - ESTATES AND PROTECTED INDIVIDUALS CODE (700.1101 - 700.8206) > 386-1998-VI - ARTICLE VI NONPROBATE TRANSFERS ON DEATH (700.6101...700.6310) > 386-1998-VI-3 - PART 3 UNIFORM TOD SECURITY REGISTRATION (700.6301...700.6310) > Section 700.6302 - Registration in beneficiary form; sole or joint tenancy ownership.

Section 700.6302 - Registration in beneficiary form; sole or joint tenancy ownership.

ESTATES AND PROTECTED INDIVIDUALS CODE (EXCERPT)
Act 386 of 1998

700.6302 Registration in beneficiary form; sole or joint tenancy ownership.

Sec. 6302.

Only an individual whose registration of a security shows sole ownership by 1 individual or multiple ownership by 2 or more with right 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 right of survivorship or as tenants by the entireties, and not as tenants in common.


History: 1998, Act 386, Eff. Apr. 1, 2000 ;-- Am. 2000, Act 54, Eff. Apr. 1, 2000
Popular Name: EPIC