91-21-13 - Effect of registration in beneficiary form.
§ 91-21-13. 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 cancelled or changed at any time by the sole owner or all the surviving owners without the consent of the beneficiary.
Sources: Laws, 1997, ch. 413, § 7, eff from and after passage (approved March 24, 1997).