§6-412. Effect of transfer on death deed during transferor's life

During a transferor's life, a transfer on death deed does not:   [PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).]

1.  Affect interest or right of transferor or other owner.  Affect an interest or right of the transferor or any other owner, including the right to transfer or encumber the property;

[PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).]

2.  Affect interest or right of transferee.  Affect an interest or right of a transferee, even if the transferee has actual or constructive notice of the deed;

[PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).]

3.  Affect interest or right of creditor.  Affect an interest or right of a secured or unsecured creditor or future creditor of the transferor, even if the creditor has actual or constructive notice of the deed;

[PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).]

4.  Affect eligibility or public assistance.  Affect the transferor's or designated beneficiary's eligibility for any form of public assistance;

[PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).]

5.  Create legal or equitable interest.  Create a legal or equitable interest in favor of the designated beneficiary; or

[PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).]

6.  Subject the property to claims or process.  Subject the property to claims or process of a creditor of the designated beneficiary.

[PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).]

SECTION HISTORY

PL 2017, c. 402, Pt. A, §2 (NEW). PL 2017, c. 402, Pt. F, §1 (AFF). PL 2019, c. 417, Pt. B, §14 (AFF).