§ 13-4.10 Terms, conditions, and forms

(a) A registering entity offering to accept registrations in
beneficiary form may establish the terms and conditions under which it
will receive requests (i) for registrations in beneficiary form, and
(ii) for implementation of registration in beneficiary form, including
requests for cancellation of previously registered TOD beneficiary
designations and requests for reregistration to effect a change of
beneficiary. The terms and conditions so established may provide for
proving death, avoiding or resolving any problems concerning fractional
shares, designating primary and contingent beneficiaries, and
substituting a named beneficiary's descendants to take in the place of
the named beneficiary in the event of the beneficiary's death.
Substitution may be indicated by appending to the name of the primary
beneficiary in letters LDPS, standing for "lineal descendants per
stirpes", or in letters LDPR, standing for "lineal descendants by
representation". This designation substitutes a deceased beneficiary's
descendants who survive the owner for a beneficiary who fails to so
survive, the descendants to be identified and to share in accordance
with the law of the beneficiary's domicile at the owner's death
governing inheritance by descendants of an intestate. Other forms of
identifying beneficiaries who are to take on one or more contingencies,
and rules for providing proofs and assurances needed to satisfy
reasonable concerns by registering entities regarding conditions and
identities relevant to accurate implementation of registrations in
beneficiary form, may be contained in a registering entity's terms and
conditions.

(b) The following are illustrations of registrations in beneficiary
form which a registering entity may authorize:

(1) Sole owner-sole beneficiary: John S Brown TOD (or POD) John S
Brown Jr.

(2) Multiple owners-sole beneficiary: John S Brown Mary B Brown JT TEN
TOD John S Brown Jr.

(3) Multiple owners-primary and secondary (substituted) beneficiaries:
John S Brown Mary B Brown JT TEN TOD John S Brown Jr SUB BENE Peter Q
Brown or John S Brown Mary B Brown JT TEN TOD John S Brown Jr LDPS.