(1) 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 part 3 and is not testamentary.
(2) Repealed.
Source: L. 90: Entire article R&RE, p. 919, � 1, effective July 1. L. 2006: (2) repealed, p. 391, � 23, effective July 1.