Origination of registration in beneficiary form

815 ILCS 10/4, under Uniform TOD Security Registration Act.

815 ILCS 10/4

(815 ILCS 10/4)

Sec. 4. Origination of registration in beneficiary form. A security, whether evidenced by certificate or account, is registered in beneficiary form when 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.

(Source: P.A. 88-577, eff. 1-1-95.)