Section 1-401 - Nontestamentary transfers. - Maryland Statutes

§ 1-401. Nontestamentary transfers.
 

A provision in an account agreement, as defined in § 1-204 (b) (2) of the Financial Institutions Article, for a transfer on death is nontestamentary and shall be effective according to the provisions of § 1-204 of the Financial Institutions Article. Transfers pursuant to § 1-204 of the Financial Institutions Article are effective in the form and manner prescribed by that section and are not to be considered testamentary. 
 

[1992, ch. 578.]