Uniform Nonprobate Transfers on Death Act Law and 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.