SB 407 – Modifies definition of "owner" in beneficiary deeds

• Sponsor: Mayer
• LR Number: 1768S.02P
• Committee: Judiciary and Civil & Criminal Jurisprudence
• Last Action: 7/14/2005 - Signed by Governor
• Title: SCS SB 407
• Effective Date: August 28, 2005
• House Handler: Lipke

Current Bill Summary

SCS/SB 407 - This act states that the term "owner" when used to define a person having a right to create a beneficiary deed shall include any such person, regardless of the terminology used to refer to the owner in the deed. This act will apply to all beneficiary deeds, including those executed prior to August 28, 2005.

JIM ERTLE