Statutes, codes, and regulations
Illinois Compiled Statutes
BUSINESS AND EMPLOYMENTChapter 815 - BUSINESS TRANSACTIONSSubchapter - SECURITIES
Act 10 - UNIFORM TOD SECURITY REGISTRATION ACT
Section 815 ILCS 10/6 - Effect of registration in beneficiary form and cancellation

815 ILCS 10/6

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Current through Public Act 103-593
Section 815 ILCS 10/6 - Effect of registration in beneficiary form and cancellation

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.

815 ILCS 10/6

P.A. 88-577, eff. 1/1/1995.