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§ 16-106. Effect of registration in beneficiary form

West's Annotated Code of MarylandEstates and TrustsEffective: October 1, 2019

West's Annotated Code of Maryland
Estates and Trusts (Refs & Annos)
Title 16. Maryland Uniform Transfer-on-Death (Tod) Security Registration Act (Refs & Annos)
Effective: October 1, 2019
MD Code, Estates and Trusts, § 16-106
§ 16-106. Effect of registration in beneficiary form
Currentness
In general
(a) The designation of a TOD beneficiary on a registration in beneficiary form has no effect on ownership until the owner's death.
Cancellation or change
(b) 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.

Credits

Added by Acts 1994, c. 644, § 1, eff. Oct. 1, 1994. Amended by Acts 2019, c. 197, § 1, eff. Oct. 1, 2019.
MD Code, Estates and Trusts, § 16-106, MD EST & TRST § 16-106
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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