633D.7 - EFFECT OF REGISTRATION IN BENEFICIARY FORM. - Iowa Statutes

633D.7 EFFECT OF REGISTRATION IN BENEFICIARY FORM. The designation of a transfer on death or pay on death 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 surviving owners without the consent of the beneficiary.          Section History: Recent Form 97 Acts, ch 178, §23 CS97, §633.806 2005 Acts, ch 38, §53 CS2005, §633D.7