The designation of a transfer on death 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 the then surviving owners without the consent of the beneficiary.
History. Code 1981, § 53-5-66 , enacted by Ga. L. 1999, p. 805, § 1.
Structure Georgia Code
Title 53 - Wills, Trusts, and Administration of Estates
Article 7 - Uniform Transfer on Death Security Registration
§ 53-5-62. Ownership of a Security
§ 53-5-63. Authorization of Beneficiary Form
§ 53-5-64. Registration of a Beneficiary Form
§ 53-5-65. Words Used in Beneficiary Form
§ 53-5-66. Designation of Transfer in Beneficiary Form
§ 53-5-67. Ownership of Registered Security After Death
§ 53-5-69. Effect of Beneficiary Form
§ 53-5-70. Terms and Conditions of Beneficiary Form; Illustrations