Legislation

Search OpenLegislation Statutes
This entry was published on 2014-09-22
The selection dates indicate all change milestones for the entire volume, not just the location being viewed. Specifying a milestone date will retrieve the most recent version of the location before that date.
SECTION 13-4.6
Effect of registration in beneficiary form
Estates, Powers & Trusts (EPT) CHAPTER 17-B, ARTICLE 13, PART 4
§ 13-4.6 Effect of registration in beneficiary form

(a) 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.

(b) A registration in beneficiary form can be revoked or amended by an
express direction in the owner's will which specifically refers to such
registration.