Ohio Code 1709.04 – When security is registered in beneficiary form
Current as of: 2023 | Check for updates
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A security, whether evidenced by a certificate or account, is registered in beneficiary form when the registration includes a designation of a beneficiary to take the ownership of the security at the time of the death of the owner or the deaths of all multiple owners.
Terms Used In Ohio Code 1709.04
- 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