Massachusetts General Laws ch. 190B sec. 6-305 – Form of registration in beneficiary form
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Section 6–305. [Form of Registration in Beneficiary Form.]
Terms Used In Massachusetts General Laws ch. 190B sec. 6-305
- 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
Registration in beneficiary form may be shown by the words ”transfer on death” or the abbreviation ”TOD”, or by the words ”pay on death” or the abbreviation ”POD”, after the name of the registered owner and before the name of a beneficiary.