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Terms Used In Iowa Code 633D.5

  • 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
633D.5 Origination of registration in beneficiary form.
A security, whether evidenced by a certificate or account, is registered in beneficiary form when the registration includes a designation of a beneficiary to take the ownership at the death of the owner or the deaths of all multiple owners.
97 Acts, ch 178, §21
CS97, §633.804
2005 Acts, ch 38, §53
CS2005, §633D.5