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2023 Statute
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59-3501. (a) An interest in real estate may be titled in transfer-on-death, TOD, form by recording a deed signed by the record owner of such interest, designating a grantee beneficiary or beneficiaries of the interest. Such deed shall transfer ownership of such interest upon the death of the owner. A transfer-on-death deed need not be supported by consideration. (b) The signature, consent or agreement of or notice to a grantee beneficiary of a transfer-on-death deed shall not be required for any purpose during the lifetime of the record owner. |
History: L. 1997, ch. 176, § 1; July 1. |
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2024. Powered by KLISS. Rendered: 2024-06-16T09:28:01. Head Rev No: 787010(I)