§ 633d-10

633D.10 Protection of registering entity. 1. A registering entity is not required to offer or to accept a request for security registration in beneficiary form. If a registration in beneficiary form is offered by a registering entity, theowner requesting registration in beneficiary form assents to the protections provided to theregistering entity by this chapter. 2. By accepting a request for registration of a security in beneficiary form, the registering entity agrees that the registration in beneficiary form shall be implemented on the death ofthe deceased owners as provided in this chapter. 3. a. A registering entity is discharged from all claims to a security by the estate, creditors, heirs, or devisees of a deceased owner if the registering entity registers a transfer of thesecurity in accordance with section 633D.9 and does so in good faith reliance on all of thefollowing: (1) The registration.(2) The provisions of this chapter.(3) Information provided by affidavit of the personal representative of the deceased owner, the surviving beneficiary, or the surviving beneficiary’s representative, or other informationavailable to the registering entity. b.

y affidavit of the personal representative of the deceased owner, the surviving beneficiary, or the surviving beneficiary’s representative, or other informationavailable to the registering entity. b. The protections of this chapter do not extend to a reregistration or payment made after a registering entity has received written notice from any claimant to any interest in the securityobjecting to implementation of a registration in beneficiary form. No other notice or otherinformation available to the registering entity affects its right to protection under this chapter. 4. The protection provided by this chapter to the registering entity of a security does not affect the rights of beneficiaries in disputes between themselves and other claimants toownership of the transferred security, its value, or its proceeds. 97 Acts, ch 178, §26CS97, §633.8092005 Acts, ch 38, §52, 53, 55CS2005, §633D.102013 Acts, ch 30, §261 Sat Dec 23 12:17:17 2023 Iowa Code 2024, Section 633D.10 (16, 0)