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.
Structure 2021 Tennessee Code
Title 35 - Fiduciaries and Trust Estates
Chapter 12 - Uniform Transfer on Death Security Registration
§ 35-12-102. Chapter Definitions
§ 35-12-103. Who May Obtain Beneficiary Form — Owners Hold as Joint Tenants
§ 35-12-106. Evidence of Beneficiary Form
§ 35-12-107. No Effect Until Death