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.
Ark. Code Ann. § 28-14-106
Effect of registration in beneficiary form
Known as the Uniform TOD Security Registration Act
The act spans §§ 28-14-101 to 28-14-112 (12 sections).
Applied in 1 court decision — leading case Ginsburg v. Ginsburg (2003)
Most recently applied in Ginsburg v. Ginsburg (June 2003)
Acts 1993, No. 114, § 6.
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.