Kansas Statutes 17-49a09. Nontestamentary transfer on death
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Kansas Statutes 17-49a09
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Contract: A legal written agreement that becomes binding when signed.
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Kansas Statutes 77-201
(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.