35-12-107 - No effect until death. - Tennessee Statutes

35-12-107. No effect until death.

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.

[Acts 1995, ch. 471, § 1.]