Official Code of Georgia Annotated

Title 53. WILLS, TRUSTS, AND ADMINISTRATION OF ESTATES · Chapter 5. PROBATE · Article 7. UNIFORM TRANSFER ON DEATH SECURITY REGISTRATION

53-5-69. Effect of beneficiary form.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

(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 this article and is not testamentary.#
(b)
This article does not limit the rights of creditors of security owners against beneficiaries and other transferees under other laws of this state.#

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Code 1981, § 53-5-69, enacted by Ga. L. 1999, p. 805, § 1.

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t52-t53-(v40)-2021-pdf.pdf, Volume V40, 2021 edition, page 537; merge action: carried; file SHA-256 062775612dfc.

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