(a) A security may be registered in beneficiary form if the form is authorized by this or a similar TOD statute of the state of

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Terms Used In Alaska Statutes 13.33.303

  • 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.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • state: means the State of Alaska unless applied to the different parts of the United States and in the latter case it includes the District of Columbia and the territories. See Alaska Statutes 01.10.060
  • Statute: A law passed by a legislature.
(1) organization of the issuer or registering entity;
(2) the registering entity’s principal office;
(3) the office of the registering entity’s transfer agent or the registering entity’s office making the registration; or
(4) the owner’s address at the time of registration.
(b) A registration governed by the law of a jurisdiction in which this or similar TOD legislation is not in force or was not in force when a registration in beneficiary form was made is nevertheless presumed to be valid and authorized as a matter of contract law.
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