§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).