N.J.S.A. 3B:30-3 — Individuals, multiple owners, registration of a security.

3B:30-3 Individuals, multiple owners, registration of a security. 3. 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 for, and not as tenants in common. L.1995,c.130,s.3.

This is the verbatim text of N.J.S.A. 3B:30-3, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.