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.
S.C. Code Ann. § 35-6-60
Ownership not affected until owner's death; cancellation or change
Known as the Uniform Transfer on Death Security Registration Act
The act spans §§ 35–35 (10 sections).
1997 Act No. 102, SECTION 1, eff June 13, 1997.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.