Statutes > Vermont Statutes > Title 09 - Commerce and Trade > Chapter 134 - TRANSFER ON DEATH SECURITY REGISTRATION (Contains: §§ 4351 – 4360) > § 4356 -   Effect of registration in beneficiary form

§ 4356 -   Effect of registration in beneficiary form

§ 4356. 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. (Added 1999, No. 23, § 1.)