§ 5506

Added by Stats. 1998, Ch. 242, Sec. 2. Effective January 1, 1999.

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.

Other sections in Part 3 - UNIFORM TOD SECURITY REGISTRATION ACT

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