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