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.
Tenn. Code Ann. § 35-12-107
No effect until death
Known as the Uniform Transfer on Death Security Registration Act
The act spans §§ 35-12-101 to 35-12-113 (13 sections).
Acts 1995, ch. 471, § 1.
Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.