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November 15, 2024 Clouds | 33°F
The 193rd General Court of the Commonwealth of Massachusetts
  1. General Laws
  2. Part II REAL AND PERSONAL PROPERTY AND DOMESTIC RELATIONS
  3. Title II DESCENT AND DISTRIBUTION, WILLS, ESTATES OF DECEASED PERSONS AND ABSENTEES, GUARDIANSHIP, CONSERVATORSHIP AND TRUSTS
  4. Chapter 190B MASSACHUSETTS UNIFORM PROBATE CODE
  5. Article VI NONPROBATE TRANSFERS ON DEATH
  6. Section 6-309 Nontestamentary transfer on death

Section 6-309

Section 6-309: Nontestamentary transfer on death

Section 6–309. [Nontestamentary Transfer on Death.]

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

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