Black Hills Corporation

Dedicated Portal for Deceased Investors

Transfer on Death (TOD)
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Ensuring Black Hills Corporation shares are passed seamlessly to designated beneficiaries — with no probate, no court involvement, and no legal delay.

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For Beneficiaries & Estate Representatives: If you have been designated as a TOD beneficiary by a deceased Black Hills Corporation shareholder, please contact our Transfer Agent directly to initiate the transfer process.

What is a Transfer on Death (TOD)?

A Transfer on Death (TOD) is a shareholder designation that allows Black Hills Corporation (NYSE: BKH) shares to pass directly to a named beneficiary such as a spouse, child, or other trusted individual upon the death of the registered shareholder. This designation is made entirely by the shareholder during their lifetime and becomes effective automatically at the time of their passing.

When a shareholder has registered their shares under TOD, the transfer of ownership to the named beneficiary is a straightforward administrative process. No probate proceedings, no court orders, and no additional legal filings are required. The shares bypass the estate entirely and transfer directly to the designated person or persons.

Black Hills Corporation honors TOD designations in full accordance with the Uniform Transfer on Death Security Registration Act. Our Transfer Agent will process your claim efficiently and compassionately.

Key Benefits of TOD

  • Shares transfer directly — no probate required
  • No court involvement or legal proceedings
  • Beneficiary receives shares promptly after death
  • Multiple beneficiaries can be named
  • Designation can be updated or revoked at any time

How TOD Share Transfer Works

1

Shareholder Names a Beneficiary

During their lifetime, the shareholder designates one or more individuals as TOD beneficiaries on their Black Hills Corporation share account. This is entirely their choice.

2

Shareholder Passes Away

Upon the shareholder's death, the TOD designation becomes active. The shares do not form part of the estate and are not subject to probate or will proceedings.

3

Beneficiary Starts Process

The named beneficiary contacts our Transfer Agent and submits identity. No attorney or court order is needed.

4

Shares Are Transferred

Once Identity is verified, the shares are re-registered in the beneficiary's name or liquidated per their instruction — completing the transfer cleanly and directly.

For Beneficiaries

What You Need to Know as a Named Beneficiary

Your Rights as a TOD Beneficiary

As the person designated by the shareholder during their lifetime, you have the right to receive the shares free from claims by the estate, creditors of the estate, or other heirs — unless a court of competent jurisdiction orders otherwise.

You may choose to:

  • Have the shares re-registered in your own name
  • Transfer the shares to a brokerage account of your choice
  • Request liquidation and receive proceeds by check or wire
  • Disclaim the inheritance within the legally allowed period

Ready to Begin the Transfer Process?

Our Investor Relations and Transfer Agent teams are available to guide you through every step. We understand this is a sensitive time and are committed to making the process as smooth and straightforward as possible.

Begin the transfer today

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