§ 41-45. Effect of registration in beneficiary form.
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/nc/chapter-41/41-45A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 41-45. Effect of registration in beneficiary form.
The designation of a TOD beneficiary on a registration in beneficiary form has no effect on ownership of the security until the owner's death. A registration of a security in beneficiary form may be cancelled or changed at any time by the sole owner or all then-surviving owners, without the consent of the beneficiary. (2005-411, s. 1.)