General Laws: CHAPTER 201E, Section 302

PART II REAL AND PERSONAL PROPERTY AND DOMESTIC RELATIONS
(Chapters 183 through 210)
TITLE II DESCENT AND DISTRIBUTION, WILLS, ESTATES OF DECEASED PERSONS AND ABSENTEES, GUARDIANSHIP, CONSERVATORSHIP AND TRUSTS
CHAPTER 201E UNIFORM TRANSFER ON DEATH SECURITY REGISTRATION ACT
Section 302 Transfer on death

[ Text of section effective until March 31, 2012. Repealed by 2008, 521, Sec. 24. See 2008, 521, Sec. 44 as amended by 2010, 409, Sec. 23 and 2011, 224.]

Section 302. (a) A transfer on death resulting from a registration in beneficiary form shall be effective by reason of the contract regarding the registration between the owner and the registering entity and by reason of this chapter and is therefore not testamentary.

(b) This chapter shall not limit the rights of creditors of security owners against beneficiaries and other transferees under other laws of the commonwealth.