California Probate Code

§ 5509

PROB § 5509 Effective Jan 1, 1999Div. 5 · Part 3

Statute text

(a)Any 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 does not limit the rights of a surviving spouse or creditors of security owners against beneficiaries and other transferees under other laws of this state.

Legislative history

Added by Stats. 1998, Ch. 242, Sec. 2. Effective January 1, 1999.