Effect of registration in beneficiary form.

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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: 1978 Comp., § 45-6-306, enacted by Laws 1992, ch. 66, § 42.


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