2006 Ohio Revised Code - 1709.06. Designation has no effect until death of owner; cancellation or change.
§ 1709.06. Designation has no effect until death of owner; cancellation or change.
The designation of a transfer-on-death beneficiary on a registration in beneficiary form has no effect on ownership until the death of the owner of a security. A registration in beneficiary form of a security may be canceled or changed at any time by the sole owner or all of the then surviving owners of the security, without the consent of the beneficiary.
HISTORY: 145 v H 62. Eff 10-1-93.
Not analogous to former RC § 1709.06 (RS §§ 3691-24i, 3691-25k; 95 v 325; 95 v 326; GC §§ 9877, 9878; Bureau of Code Revision, 10-1-53), repealed 136 v H 338, § 2, eff 1-9-76.
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