(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 Alaska Stat. § 13.33.30113.33.310 and is not testamentary.

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Terms Used In Alaska Statutes 13.33.309

  • 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: 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
(b)Alaska Stat. § 13.33.30113.33.310 do not limit the rights of creditors of security owners against beneficiaries and other transferees under other laws of this state.