# Mo. Rev. Stat. § 461.012: 461.012 Nonprobate transfers subject to agreement of transferring entity, when

> Missouri · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MO_C461_S461.012

## Section

- **Citation:** Mo. Rev. Stat. § 461.012
- **Heading:** 461.012 Nonprobate transfers subject to agreement of transferring entity, when
- **Jurisdiction:** Missouri
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** MO Code / Chapter 461 / Section 461.012

## Text

461.012. Nonprobate transfers subject to agreement of transferring entity, when. — 1. When any of the following is required, provision for a nonprobate transfer is a matter of agreement between the owner and the transferring entity, under such rules, terms and conditions as the owner and transferring entity may agree:

(1) Submission to the transferring entity of a beneficiary designation under a governing instrument;

(2) Registration by a transferring entity of a transfer on death direction on any certificate or record evidencing ownership of property;

(3) The consent of a contract obligor for a transfer of performance due under the contract;

(4) The consent of a financial institution for a transfer of an obligation of the financial institution; or

(5) The consent of a transferring entity for a transfer of an interest in the transferring entity.

2. Whenever subsection 1 of this section is applicable, sections 461.003 to 461.081 do not impose an obligation on a transferring entity to accept an owner's request to make provision for a nonprobate transfer of property.

3. When a beneficiary designation, revocation or change is subject to acceptance by a transferring entity, the transferring entity's acceptance of the beneficiary designation, revocation or change relates back to and is effective as of the time when the request was received by the transferring entity.

(L. 1989 H.B. 145 § 20, A.L. 1995 S.B. 116)

## Nearby sections

- [Mo. Rev. Stat. § 461.001 461.001 Transfers on death, certain provisions deemed nontestamentary, exceptions.](https://www.frixlaw.com/law-library/statutes/STATE_MO_C461_S461.001.md)
- [Mo. Rev. Stat. § 461.003 461.003 Law, how cited.](https://www.frixlaw.com/law-library/statutes/STATE_MO_C461_S461.003.md)
- [Mo. Rev. Stat. § 461.005 461.005 Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_MO_C461_S461.005.md)
- [Mo. Rev. Stat. § 461.009 461.009 Nonprobate transfers not subject to requirements of a will — effect with or ...](https://www.frixlaw.com/law-library/statutes/STATE_MO_C461_S461.009.md)
- [Mo. Rev. Stat. § 461.011 461.011 Transferring entity acting as agent for owner subject to nontransfer law, ...](https://www.frixlaw.com/law-library/statutes/STATE_MO_C461_S461.011.md)
- [Mo. Rev. Stat. § 461.012 461.012 Nonprobate transfers subject to agreement of transferring entity, when.](https://www.frixlaw.com/law-library/statutes/STATE_MO_C461_S461.012.md)
- [Mo. Rev. Stat. § 461.014 461.014 Transferring entity, obligation resulting from acceptance and registration.](https://www.frixlaw.com/law-library/statutes/STATE_MO_C461_S461.014.md)
- [Mo. Rev. Stat. § 461.021 461.021 Beneficiary designation under written instrument or law, effect.](https://www.frixlaw.com/law-library/statutes/STATE_MO_C461_S461.021.md)
- [Mo. Rev. Stat. § 461.023 461.023 Assignments effective on death of owner — delivery, effect.](https://www.frixlaw.com/law-library/statutes/STATE_MO_C461_S461.023.md)
- [Mo. Rev. Stat. § 461.025 461.025 Deeds effective on death of owner — recording, effect.](https://www.frixlaw.com/law-library/statutes/STATE_MO_C461_S461.025.md)
- [Mo. Rev. Stat. § 461.026 461.026 Procedure to transfer tangible personal property to take effect on death of ...](https://www.frixlaw.com/law-library/statutes/STATE_MO_C461_S461.026.md)
- [Mo. Rev. Stat. § 461.027 461.027 Transferor may directly transfer property to a transferee to hold as owner ...](https://www.frixlaw.com/law-library/statutes/STATE_MO_C461_S461.027.md)
- [Mo. Rev. Stat. § 461.028 461.028 Registration of property, including accounts and securities in beneficiary ...](https://www.frixlaw.com/law-library/statutes/STATE_MO_C461_S461.028.md)
- [Mo. Rev. Stat. § 461.031 461.031 Effect of beneficiary designation on ownership of property during lifetime ...](https://www.frixlaw.com/law-library/statutes/STATE_MO_C461_S461.031.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MO_C461_S461.012. Check the current official text before relying on it. Not legal advice.