New Jersey Statutes 3B:30-6. “Transfer on death,” “pay on death”
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Terms Used In New Jersey Statutes 3B:30-6
- 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
6. 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 the abbreviation “POD,” after the name of the registered owner and before the name of the beneficiary.
L.1995,c.130,s.6.