New Hampshire Revised Statutes 563-C:10 – Nontestamentary Transfer on Death
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I. A 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 chapter and is not testamentary.
II. This chapter does not limit the rights of creditors of security owners against beneficiaries and other transferees under other laws of this state.
II. This chapter does not limit the rights of creditors of security owners against beneficiaries and other transferees under other laws of this state.
Terms Used In New Hampshire Revised Statutes 563-C:10
- 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 different parts of the United States, may extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall include said district and territories. See New Hampshire Revised Statutes 21:4