§6-306. Effect of registration in beneficiary form
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/me/title-18-c-probate-code/6-306A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The designation of a transfer on death, or "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. [PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).]