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NEW JERSEY STATUTES AND CODES

3B:30-7 - No effect on ownership, cancellation, change permitted 

3B:30-7.     No effect on ownership, cancellation, change permitted 
    7.   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. 

   L.1995,c.130,s.7. 
 

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