815 ILCS 10/9

(815 ILCS 10/9)

Sec. 9.

Nontestamentary transfer on death.

(a) 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 Act and is not testamentary.

(b) This Act does not limit or expand the rights of creditors of security owners
against beneficiaries and other transferees under other laws of this State.

(Source: P.A. 88-577, eff. 1-1-95.)