Statutes > New York Statutes > EPT - Estates, Powers & Trusts > Article 13 - OTHER PROVISIONS AFFECTING ESTATES > Part 4 - (13-4.1 - 13-4.12) TRANSFER-ON-DEATH SECURITY REGISTRATION > 13-4.6 - Effect of registration in beneficiary form

13-4.6 - Effect of registration in beneficiary form

§ 13-4.6 Effect of registration in beneficiary form    (a)  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.    (b) A registration in beneficiary form can be revoked or amended by an  express  direction in the owner's will which specifically refers to such  registration.