Statutes > New Mexico Statutes > Chapter 45 - Uniform Probate Code. > Article 6 - Nonprobate Transfers, 45-6-101 through 45-6-401. > Section 45-6-306 - Effect of registration in beneficiary form.

Section 45-6-306 - Effect of registration in beneficiary form.

45-6-306. 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.