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.
Structure Delaware Code
Title 12 - Decedents' Estates and Fiduciary Relations
Chapter 8. UNIFORM TOD SECURITY REGISTRATION ACT
§ 802. Registration in beneficiary form — sole or joint tenancy ownership.
§ 803. Registration in beneficiary form — applicable law.
§ 804. Origination of registration in beneficiary form.
§ 805. Form of registration in beneficiary form.
§ 806. Effect of registration in beneficiary form.
§ 807. Ownership on death of owner.
§ 808. Protection of registering entity.
§ 809. Nontestamentary transfer on death.