1. MCA Contents
  2. TITLE 72
  3. CHAPTER 6
  4. Part 3
  5. 72-6-306 Effect of registration in beneficiary form

TITLE 72. ESTATES, TRUSTS, AND FIDUCIARY RELATIONSHIPS

CHAPTER 6. NONPROBATE TRANSFERS ON DEATH

Part 3. Uniform TOD Security Registration Act

Effect Of Registration In Beneficiary Form

72-6-306. 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: En. Sec. 108, Ch. 494, L. 1993.