Statutes > District of Columbia Statutes > Division III - Decendents' Estates and Fiduciary Relations (TITLE 18 to TITLE 21) > TITLE 19 - DESCENT, DISTRIBUTION, AND TRUSTS (Chapter 1 to Chapter 15) > Chapter 6 - Nonprobate Transfers on Death; Uniform Law (Subchapter I to Subchapter III) > Subchapter III - Uniform Transfers on Death Security Registration (Section 19-603.01 to Section 19-603.11) > Section 19-603.06 - Effect of registration in beneficiary form

Section 19-603.06 - Effect of registration in beneficiary form

Effect of registration in beneficiary form

The designation of a TOD beneficiary on a registration in beneficiary form has no effect on ownership until the owner's death. A registration of a security in beneficiary form may be canceled or changed at any time by the sole owner or all then surviving owners without the consent of the beneficiary.

CREDIT(S)

(Apr. 27, 2001, D.C. Law 13-292, § 302(b), 48 DCR 2087.)

HISTORICAL AND STATUTORY NOTES

Legislative History of Laws
For D.C. Law 13-292, see notes following § 19-601.01.
Uniform Law
This section is based upon § 306 of the Uniform Nonprobate Transfers on Death Act (1991 Act). See 8B Uniform Laws Annotated, Master Edition, or ULA Database on WESTLAW.

Current through September 13, 2012