Effect of registration in beneficiary form

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5. Effect of registration in beneficiary form

RS 1711.4 - Effect of registration in beneficiary form

A registration of a security in beneficiary form does not constitute a donation inter vivos or mortis causa. A registration of a security in beneficiary form may be canceled or changed at any time by the sole owner or by any of the surviving owners without the consent of the beneficiary.

Acts 2021, No. 167, §1, eff. Jan. 1, 2022.

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