§ 19-603.06. Effect of registration in beneficiary form.

Current through October 23, 2012

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.

                
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(Apr. 27, 2001, D.C. Law 13-292, § 302(b), 48 DCR 2087.)

HISTORICAL AND STATUTORY NOTES

Legislative History of Laws

For D.C. Law 13-292, see notes following § 19-601.01.

Uniform Law

This section is based upon § 306 of the Uniform Nonprobate Transfers on Death Act (1991 Act). See 8B Uniform Laws Annotated, Master Edition, or ULA Database on WESTLAW.