Designation of a TOD or POD beneficiary—Effect on ownership—Cancellation or change.

  1. Law
  2. Revised Code of Washington
  3. Securities and Investments
  4. Uniform Transfer on Death Security Registration Act.
  5. Designation of a TOD or POD beneficiary—Effect on ownership—Cancellation or change.

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The designation of a TOD or POD beneficiary on a registration in beneficiary form has no effect on ownership of the security until the owner's death, or on community property rights and obligations of owners. 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.

[ 1993 c 287 § 6.]


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