Illinois Code § 815 ILCS 10/2

Registration in beneficiary form; sole or
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joint tenancy ownership. Only individuals whose
registration of a security shows sole ownership by one
individual or multiple ownership by two or more with
right of survivorship, rather than as tenants in common,
may obtain registration in beneficiary form. Multiple
owners of a security registered in beneficiary form hold
as joint tenants with right of survivorship, as tenants
by the entireties, or as owners of community property
held in survivorship form, and not as tenants in common.

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