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2020 Florida Statutes

Title XL REAL AND PERSONAL PROPERTY
Chapter 711 FLORIDA UNIFORM TRANSFER-ON-DEATH SECURITY REGISTRATION ACT Entire Chapter
SECTION 509
Nontestamentary transfer on death.
F.S. 711.509
711.509 Nontestamentary transfer on death.—
(1) 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 ss. 711.50-711.512 and is not testamentary.
(2) Sections 711.50-711.512 do not limit the rights of creditors of security owners against beneficiaries and other transferees under other laws of this state.
History.—s. 3, ch. 94-216.