2015 New York Laws
EPT - Estates, Powers & Trusts
Article 13 - OTHER PROVISIONS AFFECTING ESTATES
Part 4 - (13-4.1 - 13-4.12) TRANSFER-ON-DEATH SECURITY REGISTRATION
13-4.6 - Effect of registration in beneficiary form
13-4.6 Effect of registration in beneficiary form
(a) 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.
(b) A registration in beneficiary form can be revoked or amended by an express direction in the owner's will which specifically refers to such registration.
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