North Carolina Statutes

Chapter 41 Estate

Article 1 - Survivorship Rights and Future Interests.

Article 2 - Uniform Statutory Rule Against Perpetuities.

Article 3 - Time Limits on Options in Gross and Certain Other Interests in Land.

Article 4 - The Uniform Transfer on Death (TOD) Security Registration Act.

  • § 41-40   Definitions
    In this Article, unless the context otherwise requires: (1) "Beneficiary form" means a registration of a security that indicates the present owner of the security...
  • § 41-41   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 individuals with right of survivorship,...
  • § 41-42   Registration in beneficiary form; applicable law
    A security may be registered in beneficiary form if the form is authorized by this or a similar statute of the state of organization of...
  • § 41-43   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...
  • § 41-44   Form of registration in beneficiary form
    Registration in beneficiary form may be shown by the words "transfer on death" or the abbreviation "TOD", or by the words "pay on death" or...
  • § 41-45   Effect of registration in beneficiary form
    The designation of a TOD beneficiary on a registration in beneficiary form has no effect on ownership of the security until the owner's death. A...
  • § 41-46   Ownership on death of owner
    On death of a sole owner or the last to die of all multiple owners, ownership of securities registered in beneficiary form passes to the...
  • § 41-47   Protection of registering entity
    (a) A registering entity is not required to offer or to accept a request for security registration in beneficiary form. If a registration in beneficiary...
  • § 41-48   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...
  • § 41-49   Terms, conditions, and forms for registration
    (a) A registering entity offering to accept registrations in beneficiary form may establish the terms and conditions under which it will receive requests (i) for...
  • § 41-50   Short title; rules of construction
    (a) This Article shall be known as and may be cited as the "Uniform TOD Security Registration Act". (b) This Article shall be applied and...
  • § 41-51   Application of Article
    This Article applies to registrations of securities in beneficiary form made before, on, or after October 1, 2005, by decedents dying on or after October...