Wisconsin Statutes 705.24 – Origination of registration in beneficiary form
Current as of: 2023 | Check for updates
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Terms Used In Wisconsin Statutes 705.24
- 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
A security, whether evidenced by certificate or account, is registered in beneficiary form if the registration includes a designation of a beneficiary to take the ownership at the death of the owner or the deaths of all multiple owners.