Sec. 6. Effect of registration in beneficiary form and cancellation.
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/il/chapter-815/act-10/6A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 6. Effect of registration in beneficiary form and cancellation. 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.