Statutes, codes, and regulations
CALIFORNIA CODES
CALIFORNIA PROBATE CODEDivision 5 - NONPROBATE TRANSFERS
Part 3 - UNIFORM TOD SECURITY REGISTRATION ACT
Section 5506 - Designation of TOD beneficiary of no effect until owner's death; cancellation or change of registration

Cal. Prob. Code § 5506

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Current through the 2023 Legislative Session.
Section 5506 - Designation of TOD beneficiary of no effect until owner's death; cancellation or change of registration

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.

Ca. Prob. Code § 5506

Added by Stats. 1998, Ch. 242, Sec. 2. Effective January 1, 1999.