17-49a06

Chapter 17.--CORPORATIONS Article 49a.--UNIFORM TRANSFER ON DEATH SECURITY REGISTRATION ACT

17-49a06. Same; effect The designation of a "TOD" or "POD" 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.

History: L. 1994, ch. 44, § 6; July 1.