{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/64.2-616.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/64.2-616.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/64.2-616.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/64.2-616.html"}],"law_id":376345,"edition_id":2,"section_id":376345,"structure_id":53521,"section_number":"64.2-616","catch_line":"Ownership on death of owner","history":"1994, c. 422, \u00a7 64.1-206.5; 2012, c. 614.","full_text":"On death of a sole owner or the last to die of all multiple owners, ownership of securities registered in beneficiary form passes to any beneficiaries who survive all owners. On proof of death of all owners and compliance with any applicable requirements of the registering entity, a security registered in beneficiary form may be reregistered in the names of any beneficiaries who survived the death of all owners. Until division of the security after the death of all owners, multiple beneficiaries surviving the death of all owners hold their interests as tenants in common. If no beneficiary survives the death of all owners, the security belongs to the estate of the deceased sole owner or the estate of the last to die of all multiple owners.\n\n","order_by":null,"text":{"0":{"id":1405080,"text":"On death of a sole owner or the last to die of all multiple owners, ownership of securities registered in beneficiary form passes to any beneficiaries who survive all owners. On proof of death of all owners and compliance with any applicable requirements of the registering entity, a security registered in beneficiary form may be reregistered in the names of any beneficiaries who survived the death of all owners. Until division of the security after the death of all owners, multiple beneficiaries surviving the death of all owners hold their interests as tenants in common. If no beneficiary survives the death of all owners, the security belongs to the estate of the deceased sole owner or the estate of the last to die of all multiple owners.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":53521,"edition_id":2,"name":"Uniform Transfers on Death (Tod) Security Registration Act","identifier":"3","label":"article","depth":4,"order_by":3,"parent_id":53518,"metadata":{"child_laws":8,"child_structures":0},"date_created":"2026-08-02 03:17:40","date_modified":"2026-08-02 12:37:10","permalink":{"id":1500699,"object_type":"structure","relational_id":53521,"identifier":"3","token":"64.2\/II\/6\/3","url":"\/64.2\/II\/6\/3\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53518,"edition_id":2,"name":"Transfers Without Qualification","identifier":"6","label":"chapter","depth":3,"order_by":5,"parent_id":53471,"metadata":{"child_laws":39,"child_structures":5},"date_created":"2026-08-02 03:17:38","date_modified":"2026-08-02 12:37:09","permalink":{"id":1500645,"object_type":"structure","relational_id":53518,"identifier":"6","token":"64.2\/II\/6","url":"\/64.2\/II\/6\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53471,"edition_id":2,"name":"Wills and Decedents' Estates","identifier":"II","label":"subtitle","depth":2,"order_by":2,"parent_id":53424,"metadata":{"child_laws":210,"child_structures":29},"date_created":"2026-08-02 03:16:56","date_modified":"2026-08-02 12:37:06","permalink":{"id":1499913,"object_type":"structure","relational_id":53471,"identifier":"II","token":"64.2\/II","url":"\/64.2\/II\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53424,"edition_id":2,"name":"Wills, Trusts, and Fiduciaries","identifier":"64.2","label":"title","depth":1,"order_by":136,"parent_id":null,"metadata":{"child_laws":776,"child_structures":114},"date_created":"2026-08-02 03:16:27","date_modified":"2026-08-02 12:37:05","permalink":{"id":1499783,"object_type":"structure","relational_id":53424,"identifier":"64.2","token":"64.2","url":"\/64.2\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":376341,"structure_id":53521,"section_number":"64.2-612","catch_line":"Definitions","url":"\/64.2-612\/","token":"64.2\/II\/6\/3\/64.2-612","metadata":false},{"id":376342,"structure_id":53521,"section_number":"64.2-613","catch_line":"Registration in beneficiary form; sole or joint tenancy ownership; applicable law","url":"\/64.2-613\/","token":"64.2\/II\/6\/3\/64.2-613","metadata":false},{"id":376343,"structure_id":53521,"section_number":"64.2-614","catch_line":"Origination of registration in beneficiary form","url":"\/64.2-614\/","token":"64.2\/II\/6\/3\/64.2-614","metadata":false},{"id":376344,"structure_id":53521,"section_number":"64.2-615","catch_line":"Form of registration in beneficiary form; effect","url":"\/64.2-615\/","token":"64.2\/II\/6\/3\/64.2-615","metadata":false},{"id":376345,"structure_id":53521,"section_number":"64.2-616","catch_line":"Ownership on death of owner","url":"\/64.2-616\/","token":"64.2\/II\/6\/3\/64.2-616","metadata":false},{"id":376346,"structure_id":53521,"section_number":"64.2-617","catch_line":"Protection of registering entity","url":"\/64.2-617\/","token":"64.2\/II\/6\/3\/64.2-617","metadata":false},{"id":376347,"structure_id":53521,"section_number":"64.2-618","catch_line":"Nontestamentary transfer on death","url":"\/64.2-618\/","token":"64.2\/II\/6\/3\/64.2-618","metadata":false},{"id":376348,"structure_id":53521,"section_number":"64.2-619","catch_line":"Terms, conditions, and forms for registration; examples","url":"\/64.2-619\/","token":"64.2\/II\/6\/3\/64.2-619","metadata":false}],"previous_section":{"id":376344,"structure_id":53521,"section_number":"64.2-615","catch_line":"Form of registration in beneficiary form; effect","url":"\/64.2-615\/","token":"64.2\/II\/6\/3\/64.2-615","metadata":false},"next_section":{"id":376346,"structure_id":53521,"section_number":"64.2-617","catch_line":"Protection of registering entity","url":"\/64.2-617\/","token":"64.2\/II\/6\/3\/64.2-617","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/64.2-616\/","history_text":"

This law was first created in 1994. The record of its establishment is cataloged in chapter 422<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. It has been modified 1 time. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. That modification is as follows: in 2012, chapter 614<\/a>.<\/p>","references":[{"id":376346,"section_number":"64.2-617","catch_line":"Protection of registering entity","order_by":null,"url":"\/64.2-617\/"}],"refers_to":false,"permalink":{"id":1500717,"object_type":"law","relational_id":376345,"identifier":"64.2-616","token":"64.2\/II\/6\/3\/64.2-616","url":"\/64.2-616\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/64.2-616\/","token":"64.2\/II\/6\/3\/64.2-616","dublin_core":{"Title":"Ownership on death of owner","Type":"Text","Format":"text\/html","Identifier":"\u00a7 64.2-616","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

On death of a sole owner or the last to die of all multiple owners, ownership of securities registered in beneficiary form<\/span> passes to any beneficiaries who survive all owners. On proof of death of all owners and compliance with any applicable requirements of the registering entity<\/span>, a security<\/span> registered in beneficiary form<\/span> may be reregistered in the names of any beneficiaries who survived the death of all owners. Until division of the security<\/span> after the death of all owners, multiple beneficiaries surviving the death of all owners hold their interests as tenants in common. If no beneficiary survives the death of all owners, the security<\/span> belongs to the estate of the deceased sole owner or the estate of the last to die of all multiple owners.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nOWNERSHIP ON DEATH OF OWNER (\u00a7 64.2-616)\n\nOn death of a sole owner or the last to die of all multiple owners, ownership of\nsecurities registered in beneficiary form passes to any beneficiaries who\nsurvive all owners. On proof of death of all owners and compliance with any\napplicable requirements of the registering entity, a security registered in\nbeneficiary form may be reregistered in the names of any beneficiaries who\nsurvived the death of all owners. Until division of the security after the death\nof all owners, multiple beneficiaries surviving the death of all owners hold\ntheir interests as tenants in common. If no beneficiary survives the death of\nall owners, the security belongs to the estate of the deceased sole owner or the\nestate of the last to die of all multiple owners.\n\nHISTORY: 1994, c. 422, \u00a7 64.1-206.5; 2012, c. 614.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}