§ 16-106
55 words·~1 min read·
/md/estates-and-trusts/16-106A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§16–106.
(a)The designation of a TOD beneficiary on a registration in beneficiary form has no effect on ownership until the owner’s death.
(b)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.