Statutes, codes, and regulations
District of Columbia Official Code
Division III - DECEDENTS' ESTATES AND FIDUCIARY RELATIONSTitle 19 - DESCENT, DISTRIBUTION, AND TRUSTSChapter 6 - NONPROBATE TRANSFERS ON DEATH; UNIFORM LAW
Subchapter III - UNIFORM TOD SECURITY REGISTRATION
Section 19-603.06 - Effect of registration in beneficiary form

D.C. Code § 19-603.06

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Current through codified legislation effective September 18, 2024
Section 19-603.06 - Effect of registration in beneficiary form

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.

D.C. Code § 19-603.06

Apr. 27, 2001, D.C. Law 13-292, § 302(b), 48 DCR 2087.

Uniform Law: This section is based upon § 306 of the Uniform Nonprobate Transfers on Death Act (1991 Act).