Md. Code Ann., Est. & Trusts § 16-106
Redline — January 1, 2019 → current.View current text →
Current — January 1, 2020
As of January 1, 2019
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.
(a) The designation of a TOD beneficiary on a registration in beneficiary form has no effect on ownership until the owner’s death.
(b) 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.
Official source: Maryland General Assembly. Reproduced from public-domain Maryland statutes; confirm against the official source for the current text. Not legal advice.