2017 District of Columbia Code
Title 19 - Descent, Distribution, and Trusts. [Enacted title]
Chapter 6 - Nonprobate Transfers on Death; Uniform Law.
Subchapter III - Uniform TOD Security Registration.
§ 19–603.06. Effect of registration in beneficiary form.

Universal Citation: DC Code § 19–603.06 (2017)

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.

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

Editor's Notes

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

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