1. The Laws of New York
  2. Consolidated Laws
  3. Estates, Powers & Trusts
  4. Article 13: Other Provisions Affecting Estates
  5. Part 4: Transfer-on-death Security Registration


Section 13-4.6 Effect of registration in beneficiary form

Estates, Powers & Trusts (EPT)

§ 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.