reglab/housing_qa huggingface dataset:
CO Code § 15-15-222 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 15 - Nonprobate Transfers on Death|Part 2 - Multiple-Person Accounts|§ 15-15-222. Payment on Multiple-Party Account

 A financial institution, on request, may pay sums on deposit in a multiple-party account to:    One or more of the parties, whether or not another party is disabled, incapacitated, or deceased when payment is requested and whether or not the party making the request survives another party; or    The personal representative, if any, or, if there is none, the heirs or devisees of a deceased party if proof of death is presented to the financial institution showing that the deceased party was the survivor of all other persons named on the account either as a party or beneficiary, unless the account is without right of survivorship under section 15-15-212.     History. Source: L. 90: Entire article R&RE, p. 915, § 1, effective July 1.    Editor's note:   This section is similar to former § 15-15-109 as it existed prior to 1990.   ANNOTATION   Section does not address the duties of a financial institution that obtains a pledge of account funds for security for the personal debt of a person named on the account who it knows has access only as a fiduciary and not as a beneficial owner of account assets. When a financial institution has actual knowledge that an account holder is a fiduciary and not a beneficial owner of account assets, neither this section nor § 15-15-221 relieves the financial institution of duties imposed by the Uniform Probate Code, the Uniform Commercial Code, or the Uniform Fiduciary Law. Bryant v. Cmty. Choice Credit Union, 160 P.3d 266 (Colo. App. 2007).
CO Code § 15-15-223 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 15 - Nonprobate Transfers on Death|Part 2 - Multiple-Person Accounts|§ 15-15-223. Payment on Pod Designation

 A financial institution, on request, may pay sums on deposit in an account with a POD designation to:    One or more of the parties, whether or not another party is disabled, incapacitated, or deceased when the payment is requested and whether or not a party survives another party;    The beneficiary or beneficiaries, if proof of death is presented to the financial institution showing that the beneficiary or beneficiaries survived all persons named as parties; or    The personal representative, if any, or, if there is none, the heirs or devisees of a deceased party, if proof of death is presented to the financial institution showing that the deceased party was the survivor of all other persons named on the account either as a party or beneficiary.     History. Source: L. 90: Entire article R&RE, p. 915, § 1, effective July 1.    Editor's note:   This section is similar to former § 15-15-110 as it existed prior to 1990.
CO Code § 15-15-224 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 15 - Nonprobate Transfers on Death|Part 2 - Multiple-Person Accounts|§ 15-15-224. Payment to Designated Agent

 A financial institution, on request of an agent under an agency designation for an account, may pay to the agent sums on deposit in the account, whether or not a party is disabled, incapacitated, or deceased when the request is made or received, and whether or not the authority of the agent terminates on the disability or incapacity of a party.   History. Source: L. 90: Entire article R&RE, p. 916, § 1, effective July 1.    Editor's note:   This section is similar to former § 15-15-111 as it existed prior to 1990.
CO Code § 15-15-225 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 15 - Nonprobate Transfers on Death|Part 2 - Multiple-Person Accounts|§ 15-15-225. Payment to Minor

 If a financial institution is required or permitted to make payment pursuant to this part 2 to a minor designated as a beneficiary, payment may be made pursuant to the “Colorado Uniform Transfers to Minors Act”, article 50 of title 11, C.R.S.   History. Source: L. 90: Entire article R&RE, p. 916, § 1, effective July 1.
CO Code § 15-15-226 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 15 - Nonprobate Transfers on Death|Part 2 - Multiple-Person Accounts|§ 15-15-226. Discharge

  Payment made pursuant to this part 2 in accordance with the type of account discharges the financial institution from all claims for amounts so paid, whether or not the payment is consistent with the beneficial ownership of the account as between parties, beneficiaries, or their successors. Payment may be made whether or not a party, beneficiary, or agent is disabled, incapacitated, or deceased when payment is requested, received, or made.    Protection under this section does not extend to payments made after a financial institution has received written notice from a party, or from the personal representative, surviving spouse, or heir or devisee of a deceased party, to the effect that payments in accordance with the terms of the account, including one having an agency designation, should not be permitted, and the financial institution has had a reasonable opportunity to act on it when the payment is made. Unless the notice is withdrawn by the person giving it, the successor of any deceased party must concur in a request for payment if the financial institution is to be protected under this section. Unless a financial institution has been served with process in an action or proceeding, no other notice or other information shown to have been available to the financial institution affects its right to protection under this section.    A financial institution that receives written notice pursuant to this section or otherwise has reason to believe that a dispute exists as to the rights of the parties may refuse, without liability, to make payments in accordance with the terms of the account.    Protection of a financial institution under this section does not affect the rights of parties in disputes between themselves or their successors concerning the beneficial ownership of sums on deposit in accounts or payments made from accounts.     History. Source: L. 90: Entire article R&RE, p. 916, § 1, effective July 1.    Editor's note:   This section is similar to former § 15-15-112 as it existed prior to 1990.
CO Code § 15-15-227 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 15 - Nonprobate Transfers on Death|Part 2 - Multiple-Person Accounts|§ 15-15-227. Set-Off

 Without qualifying any other statutory right to set-off or lien and subject to any contractual provision, if a party is indebted to a financial institution, the financial institution has a right to set-off against the account. The amount of the account subject to set-off is the proportion to which the party is, or immediately before death was, beneficially entitled under section 15-15-211 or, in the absence of proof of that proportion, an equal share with all parties.   History. Source: L. 90: Entire article R&RE, p. 916, § 1, effective July 1.    Editor's note:   This section is similar to former § 15-15-113 as it existed prior to 1990.
CO Code § 15-15-301 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 15 - Nonprobate Transfers on Death|Part 3 - Uniform Tod Security Registration Act|§ 15-15-301. Definitions

 In this part 3:    “Beneficiary form” means a registration of a security which indicates the present owner of the security and the intention of the owner regarding the person who will become the owner of the security upon the death of the owner.    “Register”, including its derivatives, means to issue a certificate showing the ownership of a certificated security or, in the case of an uncertificated security, to initiate or transfer an account, including but not limited to an account held on the books of the registering entity, showing ownership of securities.    “Registering entity” means a person who originates or transfers a security title by registration, and includes a broker, bank, or trust company maintaining security accounts for customers and a transfer agent or other person acting for or as an issuer of securities.    “Security” means a share, participation, or other interest in property, in a business, or in an obligation of an enterprise or other issuer, and includes a certificated security, an uncertificated security, and a security account.    “Security account” means (i) a reinvestment account associated with a security, a securities account with a broker, a cash balance in a brokerage account, cash, cash equivalents, interest, earnings, or dividends earned or declared on a security in an account, a reinvestment account, or a brokerage account, whether or not credited to the account before the owner's death; (ii) an investment management or custody account with a trust company or a trust division of a bank with trust powers, including the securities in the account, a cash balance in the account, and cash, cash equivalents, interest, earnings, or dividends earned or declared on a security in the account, whether or not credited to the account before the owner's death; or (iii) a cash balance or other property held for or due to the owner of a security as a replacement for or product of an account security, whether or not credited to the account before the owner's death.     History. Source: L. 90: Entire article R&RE, p. 917, § 1, effective July 1. L. 2003: (2) and (3) amended, p. 2111, § 5, effective May 22. L. 2004: (5) amended, p. 1535, § 2, effective August 4.
CO Code § 15-15-302 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 15 - Nonprobate Transfers on Death|Part 3 - Uniform Tod Security Registration Act|§ 15-15-302. Registration in Beneficiary Form; Sole or Joint Tenancy Ownership

 Only individuals whose registration of a security shows sole ownership by one individual or multiple ownership by two or more with right of survivorship, rather than as tenants in common, may obtain registration in beneficiary form. Multiple owners of a security registered in beneficiary form hold as joint tenants with right of survivorship, as tenants by the entireties, or as owners of community property held in survivorship form, and not as tenants in common.   History. Source: L. 90: Entire article R&RE, p. 917, § 1, effective July 1.
CO Code § 15-15-303 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 15 - Nonprobate Transfers on Death|Part 3 - Uniform Tod Security Registration Act|§ 15-15-303. Registration in Beneficiary Form; Applicable Law

 A security may be registered in beneficiary form if the form is authorized by this or a similar statute of the state of organization of the issuer or registering entity, the location of the registering entity's principal office, the office of its transfer agent or its office making the registration, or by this or a similar statute of the law of the state listed as the owner's address at the time of registration. A registration governed by the law of a jurisdiction in which this or similar legislation is not in force or was not in force when a registration in beneficiary form was made is nevertheless presumed to be valid and authorized as a matter of contract law.   History. Source: L. 90: Entire article R&RE, p. 917, § 1, effective July 1.
CO Code § 15-15-304 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 15 - Nonprobate Transfers on Death|Part 3 - Uniform Tod Security Registration Act|§ 15-15-304. Origination of Registration in Beneficiary Form

 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.   History. Source: L. 90: Entire article R&RE, p. 918, § 1, effective July 1.
CO Code § 15-15-305 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 15 - Nonprobate Transfers on Death|Part 3 - Uniform Tod Security Registration Act|§ 15-15-305. Form of Registration in Beneficiary Form

 Registration in beneficiary form may be shown by the words “transfer on death” or the abbreviation “TOD”, or by the words “pay on death” or the abbreviation “POD”, after the name of the registered owner and before the name of a beneficiary.   History. Source: L. 90: Entire article R&RE, p. 918, § 1, effective July 1.
CO Code § 15-15-306 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 15 - Nonprobate Transfers on Death|Part 3 - Uniform Tod Security Registration Act|§ 15-15-306. Effect of Registration in Beneficiary Form

 The designation of a TOD beneficiary on a registration in beneficiary form has no effect on ownership until the owner's death. A registration of a security in beneficiary form may be canceled or changed at any time by the sole owner or all then surviving owners without the consent of the beneficiary.   History. Source: L. 90: Entire article R&RE, p. 918, § 1, effective July 1.
CO Code § 15-15-307 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 15 - Nonprobate Transfers on Death|Part 3 - Uniform Tod Security Registration Act|§ 15-15-307. Ownership on Death of Owner

 On death of a sole owner or the last to die of all multiple owners, ownership of securities registered in beneficiary form passes to the beneficiary or beneficiaries who survive all owners. On proof of death of all owners and compliance with any applicable requirements of the registering entity, a security registered in beneficiary form may be reregistered in the name of the beneficiary or beneficiaries who survived the death of all owners. Until division of the security after the death of all owners, multiple beneficiaries surviving the death of all owners hold their interests as tenants in common. If no beneficiary survives the death of all owners, the security belongs to the estate of the deceased sole owner or the estate of the last to die of all multiple owners.   History. Source: L. 90: Entire article R&RE, p. 918, § 1, effective July 1.
CO Code § 15-15-308 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 15 - Nonprobate Transfers on Death|Part 3 - Uniform Tod Security Registration Act|§ 15-15-308. Protection of Registering Entity

  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, the owner requesting registration in beneficiary form assents to the protections given to the registering entity by this part 3.    By accepting a request for registration of a security in beneficiary form, the registering entity agrees that the registration will be implemented on death of the deceased owner as provided in this part 3.    A registering entity is discharged from all claims to a security by the estate, creditors, heirs, or devisees of a deceased owner if it registers a transfer of the security in accordance with section 15-15-307 and does so in good faith reliance (i) on the registration, (ii) on this part 3, and (iii) on information provided to it by affidavit of the personal representative of the deceased owner, or by the surviving beneficiary or by the surviving beneficiary's representatives, or other information available to the registering entity. The protections of this part 3 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 security objecting to implementation of a registration in beneficiary form. No other notice or other information available to the registering entity affects its right to protection under this part 3.    The protection provided by this part 3 to the registering entity of a security does not affect the rights of beneficiaries in disputes between themselves and other claimants to ownership of the security transferred or its value or proceeds.     History. Source: L. 90: Entire article R&RE, p. 918, § 1, effective July 1.
CO Code § 15-15-309 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 15 - Nonprobate Transfers on Death|Part 3 - Uniform Tod Security Registration Act|§ 15-15-309. Nontestamentary Transfer on Death

  A transfer on death resulting from a registration in beneficiary form is effective by reason of the contract regarding the registration between the owner and the registering entity and this part 3 and is not testamentary.    Repealed.     History. Source: L. 90: Entire article R&RE, p. 919, § 1, effective July 1. L. 2006: (2) repealed, p. 391, § 23, effective July 1.
CO Code § 15-15-310 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 15 - Nonprobate Transfers on Death|Part 3 - Uniform Tod Security Registration Act|§ 15-15-310. Terms, Conditions, and Forms for Registration

  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 registrations 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 the letters LDPS, standing for “lineal descendants per stirpes”. 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.    The following are illustrations of registrations in beneficiary form which a registering entity may authorize:   Sole owner-sole beneficiary: John S Brown TOD (or POD) John S Brown Jr.    Multiple owners-sole beneficiary: John S Brown Mary B Brown JT TEN TOD John S Brown Jr.    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.        History. Source: L. 90: Entire article R&RE, p. 919, § 1, effective July 1. L. 99: (1) amended, p. 622, § 18, effective August 4.
CO Code § 15-15-311 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 15 - Nonprobate Transfers on Death|Part 3 - Uniform Tod Security Registration Act|§ 15-15-311. Application of Part

 This part 3 applies to registrations of securities in beneficiary form made before or after July 1, 1990, by decedents dying on or after July 1, 1990.   History. Source: L. 90: Entire article R&RE, p. 919, § 1, effective July 1.
CO Code § 15-15-401 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 15 - Nonprobate Transfers on Death|Part 4 - Transfer of Real Property Effective on Death|§ 15-15-401. Definitions

 As used in this part 4, unless the context otherwise requires:    “Beneficiary deed” means a deed, subject to revocation by the owner, which conveys an interest in real property and which contains language that the conveyance is to be effective upon the death of the owner and which may be in substantially the form described in section 15-15-404.    “Deed” means any instrument of conveyance of real property.    “Grantee-beneficiary” means one or more persons or entities capable of holding title to real property designated in a beneficiary deed to receive an interest in real property upon the death of the owner. “Grantee-beneficiary” includes, but is not limited to, a successor grantee-beneficiary.    “Owner” means the grantor of a beneficiary deed.    “Successor grantee-beneficiary” means the person or entity designated in a beneficiary deed to receive an interest in the property if the primary grantee-beneficiary does not survive the owner.      “Transfer”, when used as a verb, means to convey.    “Transfer”, when used as a noun, means a conveyance.         History. Source: L. 2004: Entire part added, p. 727, § 1, effective August 4.    ANNOTATION   “Owner” of property and grantor of deed must be a natural person and not an entity. Beneficiary deeds executed by decedent to transfer property from trust were invalid as a matter of law. Fischbach v. Holzberlein, 215 P.3d 407 (Colo. App. 2009).
CO Code § 15-15-402 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 15 - Nonprobate Transfers on Death|Part 4 - Transfer of Real Property Effective on Death|§ 15-15-402. Real Property - Beneficiary Deed

  In addition to any method allowed by law to effect a transfer at death, title to an interest in real property may be transferred on the death of the owner by recording, prior to the owner's death, a beneficiary deed signed by the owner of such interest, as grantor, designating a grantee-beneficiary of the interest. The transfer by a beneficiary deed shall be effective only upon the death of the owner. A beneficiary deed need not be supported by consideration.    The joinder, signature, consent, or agreement of, or notice to, a grantee-beneficiary of a beneficiary deed prior to the death of the grantor shall not be required. Subject to the right of the grantee-beneficiary to disclaim or refuse to accept the property, the conveyance shall be effective upon the death of the owner.    During the lifetime of the owner, the grantee-beneficiary shall have no right, title, or interest in or to the property, and the owner shall retain the full power and authority with respect to the property without the joinder, signature, consent, or agreement of, or notice to, the grantee-beneficiary for any purpose.     History. Source: L. 2004: Entire part added, p. 728, § 1, effective August 4.
CO Code § 15-15-403 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 15 - Nonprobate Transfers on Death|Part 4 - Transfer of Real Property Effective on Death|§ 15-15-403. Medicaid Eligibility Exclusion

 No person who is an applicant for or recipient of medical assistance for which it would be permissible for the department of health care policy and financing to assert a claim pursuant to section 25.5-4-301 or 25.5-4-302 , C.R.S., shall be entitled to such medical assistance if the person has in effect a beneficiary deed. Notwithstanding the provisions of section 15-15-402 (1) , the execution of a beneficiary deed by an applicant for or recipient of medical assistance as described in this section shall cause the property to be considered a countable resource in accordance with section 25.5-4-302 (6), C.R.S., and applicable rules.   History. Source: L. 2004: Entire part added, p. 728, § 1, effective August 4. L. 2006: Entire section amended, p. 2004, § 55, effective July 1.