45-6-306. Effect of registration in beneficiary form.
65 words·~1 min read·
/nm/chapter-45-uniform-probate-code/article-6-nonprobate-transfers/45-6-306·A 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.
History: 1978 Comp., § 45-6-306, enacted by Laws 1992, ch. 66, § 42.