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 Arkansas Code
Title 28 - Wills, Estates, and Fiduciary Relationships
Subtitle 2 - Descent And Distribution
Chapter 14 - Uniform TOD Security Registration Act
§ 28-14-102. Registration in beneficiary form — Sole or joint tenancy ownership
§ 28-14-103. Registration in beneficiary form — Applicable law
§ 28-14-104. Origination of registration in beneficiary form
§ 28-14-105. Form of registration in beneficiary form
§ 28-14-106. Effect of registration in beneficiary form
§ 28-14-107. Ownership on death of owner
§ 28-14-108. Protection of registering entity
§ 28-14-109. Nontestamentary transfer on death
§ 28-14-110. Terms, conditions, and forms for registration