Section 16-106 - Same - Effect. - Maryland Statutes

§ 16-106. Same - Effect.
 

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. 
 

[1994, ch. 644.]