Illinois Compiled Statutes 815 ILCS 10 Uniform Tod Security Registration Act. Section 6

    (815 ILCS 10/6)

    Sec. 6. Effect of registration in beneficiary form and cancellation. 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.

(Source: P.A. 88-577, eff. 1-1-95.)

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Last modified: February 18, 2015