Michigan Compiled Laws § 700.6306 Effect Of Registration In Beneficiary Form.

700.6306 Effect of registration in beneficiary form.

Sec. 6306.

The designation of a TOD beneficiary on a registration in beneficiary form does not affect 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 the surviving owners without the consent of the beneficiary.

History: 1998, Act 386, Eff. Apr. 1, 2000 ;-- Am. 2000, Act 54, Eff. Apr. 1, 2000
Popular Name: EPIC

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Last modified: October 10, 2016