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The 190th General Court of the Commonwealth of Massachusetts

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.