Corporations, Associations, and Partnerships

CHAPTER 7-11.1
The Uniform Transfer On Death Security Registration Act

SECTION 7-11.1-7

§ 7-11.1-7. Effect of registration in beneficiary form.

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 of Section.
(P.L. 1998, ch. 260, § 1.)