(a) Except as otherwise provided in this section:(i) the transfer on death deed;(ii) the anti-lapse provisions of section 21 of title 15;(iii) the revocation by divorce provisions of section 87 of this title;(iv) the doctrine of revocation by homicide as provided in the common law;(v) the simultaneous death provisions of section 88 of this title; or(vi) the elective share provisions of section 10 of this title, on the death of the transferor, the following rules apply to property that is the subject of a transfer on death deed and owned by the transferor at death:(1) Subject to paragraph (2), the interest in the property is transferred to the designated beneficiary in accordance with the deed.(2) The interest of a designated beneficiary is contingent on the designated beneficiary’s surviving the transferor. The interest of a designated beneficiary that fails to survive the transferor lapses. Subject to subsection (a)(iv) of this section, concurrent interests are transferred to the beneficiaries in equal and undivided shares with no right of survivorship. If the transferor has identified two or more designated beneficiaries to receive concurrent interests in the property, the share of one which lapses or fails for any reason is transferred to the other, or to the others in proportion to the interest of each in the remaining part of the property held concurrently.
(i) the transfer on death deed;
(ii) the anti-lapse provisions of section 21 of title 15;
(iii) the revocation by divorce provisions of section 87 of this title;
(iv) the doctrine of revocation by homicide as provided in the common law;
(v) the simultaneous death provisions of section 88 of this title; or
(vi) the elective share provisions of section 10 of this title, on the death of the transferor, the following rules apply to property that is the subject of a transfer on death deed and owned by the transferor at death:(1) Subject to paragraph (2), the interest in the property is transferred to the designated beneficiary in accordance with the deed.(2) The interest of a designated beneficiary is contingent on the designated beneficiary’s surviving the transferor. The interest of a designated beneficiary that fails to survive the transferor lapses. Subject to subsection (a)(iv) of this section, concurrent interests are transferred to the beneficiaries in equal and undivided shares with no right of survivorship. If the transferor has identified two or more designated beneficiaries to receive concurrent interests in the property, the share of one which lapses or fails for any reason is transferred to the other, or to the others in proportion to the interest of each in the remaining part of the property held concurrently.
(1) Subject to paragraph (2), the interest in the property is transferred to the designated beneficiary in accordance with the deed.
(2) The interest of a designated beneficiary is contingent on the designated beneficiary’s surviving the transferor. The interest of a designated beneficiary that fails to survive the transferor lapses. Subject to subsection (a)(iv) of this section, concurrent interests are transferred to the beneficiaries in equal and undivided shares with no right of survivorship. If the transferor has identified two or more designated beneficiaries to receive concurrent interests in the property, the share of one which lapses or fails for any reason is transferred to the other, or to the others in proportion to the interest of each in the remaining part of the property held concurrently.
(b) Subject to title 28, chapter 7, Virgin Islands Code, a beneficiary takes the property subject to all conveyances, encumbrances, assignments, contracts, mortgages, liens, and other interests to which the property is subject at the transferor’s death. For purposes of this subsection and title 28, chapter 7, Virgin Islands Code, the recording of the transfer on death deed is deemed to have occurred at the transferor’s death.
(c) If a transferor is a joint owner and is:(1) survived by one or more other joint owners, the property that is the subject of a transfer on death deed belongs to the surviving joint owner or owners with right of survivorship; or(2) the last surviving joint owner, the transfer on death deed is effective.
(1) survived by one or more other joint owners, the property that is the subject of a transfer on death deed belongs to the surviving joint owner or owners with right of survivorship; or
(2) the last surviving joint owner, the transfer on death deed is effective.
(d) A transfer on death deed transfers property without covenant or warranty of title even if the deed contains a contrary provision.