CA AB288

Authorizes transfer of real property by revocable transfer on death (TOD) deed even if ownership is not typically evidenced or transferred by deed.

Allows transfer of interests in stock cooperatives by revocable TOD deed subject to any limitations on the transferor's interest expressed in the cooperative's governing documents.

Specifies that if a stock cooperative exercises a purchase option on property transferred by revocable TOD deed after the transferor's death, the property transfers to the cooperative and the purchase price is paid to the beneficiary.

Simplifies conflict resolution between revocable TOD deeds and other instruments by eliminating 120-day recording requirements and establishing that the later executed revocable instrument controls, while irrevocable instruments always take precedence over TOD deeds.