Registration in beneficiary form; sole or joint tenancy · as in force on May 31, 2026
§ 13-4.2 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 or as owners of community property held in survivorship form, and not as tenants in common.
Only securities owned by 1 individual or multiple individuals with survivorship rights—not tenants in common—may use beneficiary-form registration. ★ Multiple registered owners hold with survivorship rights.
Marked in the text: penalties, time limits, sums of money. Editorial emphasis added by this edition; it does not appear in the statute as enacted.
This provision appears in Volume 1 — The Surrogate's Court in Plain English; Volume 3 — The Surrogate's Court: Court Rules & the EPTL; Volume 5 — Your Career: Surrogate's Court in Plain English.