Effect of a T.O.D. notation on registration in beneficiary form
Sec. 11. (a) The designation of a T.O.D. beneficiary on a
registration in beneficiary form has no effect on ownership until the
owner's death.
(b) A registration of a security in beneficiary form may be
canceled or changed at any time by the sole owner or all of the then
surviving owners without the consent of the beneficiary.
As added by P.L.2-2002, SEC.2.
Last modified: May 24, 2006