The designation of a TOD beneficiary on a registration in beneficiary form has no effect on ownership of the security 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.
N.C. Gen. Stat. § 41-45
Effect of registration in beneficiary form
Known as the Uniform TOD Security Registration Act
The act spans §§ 41–41 (12 sections).
2005-411, s. 1.
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.