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 canceled or changed at any time by the sole owner or all then surviving owners without the consent of the beneficiary.
Utah Code § 75-6-307
Effect of registration in beneficiary form
Known as the Uniform Transfer on Death Security Registration Act
The act spans §§ 75–75 (13 sections).
Enacted by Chapter 9, 1995 General Session
Official source: Utah State Legislature. Reproduced from public-domain Utah statutes; confirm against the official source for the current text. Not legal advice.