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The 189th General Court of the Commonwealth of Massachusetts

Section 6-302: Registration in beneficiary form; sole or joint tenancy ownership

Section 6-302. [Registration in Beneficiary Form; Sole or Joint Tenancy Ownership.]

Only individuals whose registration of a security shows sole ownership by 1 individual or multiple ownership by 2 or more with rights of survivorship, rather than as tenants in common, may obtain registration in beneficiary form. Multiple owners of a security registered in beneficiary form hold as joint tenants with rights of survivorship, or as tenants by the entireties, and not as tenants in common.