7. 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.
N.J. Stat. Ann. § 3B:30-7
No effect on ownership, cancellation, change permitted
Known as the Uniform TOD Security Registration Act
The act spans §§ 3B:30-1 to 3B:30-9 (12 sections).
L.1995,c.130,s.7.
Current official text: New Jersey Legislature. Digitized from the New Jersey Legislature bulk statutes download. Reproduced from public-domain New Jersey statutes; confirm against the official source for the current text. Not legal advice.