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What happens if Right of Survivorship for joint registration is not specified on the Application Form?

April 26, 2017application form happens Joint registration right survivorship

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What happens if Right of Survivorship for joint registration is not specified on the Application Form?

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If Right of Survivorship is not specified on the Application Form, in the event of the death of one of the bondholders, the surviving bondholder(s) will not be able to transfer or cash their bonds without legal documentation. It is important to specify Right of Survivorship if joint bondholder would like the bonds to become the property of the surviving bondholder(s).