Uniform Nonprobate Transfers on Death Act Law & Legal Definition

The Uniform Law Commissioners promulgated the Uniform Nonprobate Transfers on Death Act in 1989. It was later amended in 1998. This act provides not only for improved pay-on-death deposit accounts but also for transfer-on-death investment securities. Where the Uniform Probate Code is in force, this act may be codified in Article VI (as part 1) of the Uniform Probate Code. This Act is a free-standing version of Article VI of the Uniform Probate Code, as revisedin 1989. The numbering and structure of the Act parallels that of Article VI.