Statutes > Michigan Statutes > Chapter 700 - ESTATES AND PROTECTED INDIVIDUALS CODE > Act 386 of 1998 - ESTATES AND PROTECTED INDIVIDUALS CODE (700.1101 - 700.8206) > 386-1998-VI - ARTICLE VI NONPROBATE TRANSFERS ON DEATH (700.6101...700.6310) > 386-1998-VI-3 - PART 3 UNIFORM TOD SECURITY REGISTRATION (700.6301...700.6310) > Section 700.6306 - Effect of registration in beneficiary form.

Section 700.6306 - Effect of registration in beneficiary form.

ESTATES AND PROTECTED INDIVIDUALS CODE (EXCERPT)
Act 386 of 1998

700.6306 Effect of registration in beneficiary form.

Sec. 6306.

The designation of a TOD beneficiary on a registration in beneficiary form does not affect 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 the surviving owners without the consent of the beneficiary.


History: 1998, Act 386, Eff. Apr. 1, 2000 ;-- Am. 2000, Act 54, Eff. Apr. 1, 2000
Popular Name: EPIC