§ 5506
52 words·~1 min read·
/ca/probate-code/5506A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.