Alabama Statutes
§ 8-6-145 — Designation of Tod; Registration Cancelled or Changed
Alabama·Title 8 Commercial Law and Consumer Protection·Ch. 6 Securities·Art. 6 Uniform Transfer on Death Security Registration Act
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 cancelled or changed at any time by the sole owner or all then surviving owners, without the consent of the beneficiary.
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Alabama § 8-6-145 (Designation of Tod; Registration Cancelled or Changed) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Acts 1997, No. 97-703, p. 1451, §6.)
Nearby Sections
15
§ 8-1-120
Definitions