A security, whether evidenced by certificate or account, is registered in beneficiary form when the registration includes a designation of a beneficiary to take the ownership at the death of the owner or the deaths of all multiple owners.
Alabama Legal Code
Section 8-6-143 - Registration - Designation of a Beneficiary
Source: https://alison.legislature.state.al.us/code-of-alabama?section=8-6-143· Version 2026