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 the surviving owners without the consent of the beneficiary.
Miss. Code Ann. § 91-21-13
Effect of registration in beneficiary form
Known as the Mississippi Uniform Transfer-on-Death Security Registration Act
The act spans §§ 91–91 (13 sections).
Laws, 1997, ch. 413, § 7, eff from and after passage (approved March 24, 1997
Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.