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.
Source: L. 90: Entire article R&RE, p. 918, § 1, effective July 1.
Structure Colorado Code
Title 15 - Probate, Trusts, and Fiduciaries
Article 15 - Nonprobate Transfers on Death
Part 3 - Uniform Tod Security Registration Act
§ 15-15-302. Registration in Beneficiary Form; Sole or Joint Tenancy Ownership
§ 15-15-303. Registration in Beneficiary Form; Applicable Law
§ 15-15-304. Origination of Registration in Beneficiary Form
§ 15-15-305. Form of Registration in Beneficiary Form
§ 15-15-306. Effect of Registration in Beneficiary Form
§ 15-15-307. Ownership on Death of Owner
§ 15-15-308. Protection of Registering Entity
§ 15-15-309. Nontestamentary Transfer on Death