SEC. 91-21-9. [Origination of registration in beneficiary form.]

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.

SOURCES: 1997 Laws, Chapter 413, Sec. 5, HB929, Effective AP-March 24, 1997.