Iowa Code 633D.11 – Nontestamentary transfer on death
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Terms Used In Iowa Code 633D.11
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Contract: A legal written agreement that becomes binding when signed.
- state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
633D.11 Nontestamentary transfer on death.
1. A transfer on death resulting from a registration in beneficiary form shall be effective by reason of the contract regarding the registration between the owner and the registering entity under the provisions of this chapter, and is not testamentary.
2. The provisions of this chapter do not limit the rights of creditors or security owners against beneficiaries and other transferees under other laws of this state.
97 Acts, ch 178, §27
CS97, §633.810
2005 Acts, ch 38, §52, 53
CS2005, §633D.11
1. A transfer on death resulting from a registration in beneficiary form shall be effective by reason of the contract regarding the registration between the owner and the registering entity under the provisions of this chapter, and is not testamentary.
2. The provisions of this chapter do not limit the rights of creditors or security owners against beneficiaries and other transferees under other laws of this state.
97 Acts, ch 178, §27
CS97, §633.810
2005 Acts, ch 38, §52, 53
CS2005, §633D.11