Statutes, codes, and regulations
Code of Alabama
Title 8 - COMMERCIAL LAW AND CONSUMER PROTECTIONChapter 6 - SECURITIES
Article 6 - UNIFORM TRANSFER ON DEATH SECURITY REGISTRATION ACT
Section 8-6-145 - Designation of TOD; registration cancelled or changed

Ala. Code § 8-6-145

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Current with legislation from 2024 effective through May 17, 2024.
Section 8-6-145 - Designation of TOD; registration cancelled or changed

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 cancelled or changed at any time by the sole owner or all then surviving owners, without the consent of the beneficiary.

Ala. Code § 8-6-145 (1975)

Acts 1997, No. 97-703, p. 1451, §6.