(a)
This part shall be known as and may be cited as the Uniform TOD Security Registration Act.
(b)
This part shall be liberally construed and applied to promote its underlying purposes and policy.
(c)
The underlying purposes and policy of this act are to (1) encourage development of a title form for use by individuals that is effective, without probate and estate administration, for transferring property at death in accordance with directions of a deceased owner of a security as included in the title form in which the security is held and (2) protect issuers offering and implementing the new title form.
(d)
Unless displaced by the particular provisions of this part, the principles of law and equity supplement its provisions.