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 §§ 75-6-301 to 75-6-313 (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.