There is a newer version
of
the New York Laws
2018 New York Laws
EPT - Estates, Powers and Trusts
Article 13 - Other Provisions Affecting Estates
Part 4 - Transfer-on-Death Security Registration
13-4.6 - Effect of Registration in Beneficiary Form
Universal Citation: NY Est Pow & Trusts L § 13-4.6 (2018)
§ 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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