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The Vermont Statutes Online



Title

09

:
Commerce and Trade






Chapter

134

:
TRANSFER ON DEATH SECURITY REGISTRATION











 

§

4352. Registration in beneficiary form; sole or joint tenancy ownership

Only individuals

whose registration of a security shows sole ownership by one individual or

multiple ownership by two or more with right 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 right

of survivorship, as tenants by the entireties and not as tenants in common. In

the case of community property established while the owners were residents of a

community property state, the security continues its character as community

property in this State unless it is subsequently reregistered by its owners.

(Added 1999, No. 23, § 1.)