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.
Origination of registration in beneficiary form
R.I. Gen. Laws § 7-11.1-5., under Chapter 7-11.1 The Uniform Transfer on Death Security Registration Act.
R.I. Gen. Laws § 7-11.1-5.