Designation of Transfer in Beneficiary Form

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The designation of a transfer on death 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 the then surviving owners without the consent of the beneficiary.

(Code 1981, §53-5-66, enacted by Ga. L. 1999, p. 805, § 1.)


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