Washington Code 21.35.020 – Registering a security in beneficiary form — Designation of beneficiary
Current as of: 2023 | Check for updates
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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 a sole owner or at the death of the last to die of multiple owners.
[ 1993 c 287 § 4.]
Terms Used In Washington Code 21.35.020
- 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