The designation of a transfer-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 then surviving owners without the consent of the beneficiary.
Haw. Rev. Stat. § 539-6
Effect of registration in beneficiary form
Known as the Uniform TOD Security Registration Act
The act spans §§ 539–539 (12 sections).
L 1998, c 63, pt of §1
Official source: Hawaii State Legislature. Reproduced from public-domain Hawaii statutes; confirm against the official source for the current text. Not legal advice.