Effect of registration in beneficiary form

  1. Law
  2. Montana Code Annotated
  3. Estates, Trusts, and Fiduciary Relationships
  4. Nonprobate Transfers on Death
  5. Uniform TOD Security Registration Act
  6. Effect of registration in beneficiary form

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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.


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