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2021 Maine Revised Statutes
TITLE 18-C: PROBATE CODE
Article 6: NONPROBATE TRANSFERS ON DEATH
Part 3: TRANSFER ON DEATH SECURITY REGISTRATION
18-C §6-306. Effect of registration in beneficiary form
Universal Citation: 18-C ME Rev Stat § 6-306 (2021)
§6-306. Effect of registration in beneficiary form
The designation of a transfer on death, or "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. [PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).]
SECTION HISTORY
PL 2017, c. 402, Pt. A, §2 (NEW). PL 2017, c. 402, Pt. F, §1 (AFF). PL 2019, c. 417, Pt. B, §14 (AFF).
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