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December 18, 2024 Clouds | 48°F
The 193rd General Court of the Commonwealth of Massachusetts

Section 6-304: Origination of registration in beneficiary form

Section 6–304. [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.