Ownership on death of owner.
R.I. Gen. Laws § 7-11.1-8
in effect7-11.1-8. Ownership on death of owner.
On death of a sole owner or the last to die of all multiple owners, ownership of securities
registered in beneficiary form passes to the beneficiary or 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 name of the beneficiary or 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 owner or the estate of the last to die of all multiple owners.
P.L. 1998, ch. 260, § 1.
Source: State of Rhode Island General Assembly (rilegislature.gov)URL: https://webserver.rilegislature.gov/Statutes/TITLE7/7-11.1/7-11.1-8.htmFetched: 10/20/2026