72-6-306. Effect of registration in beneficiary form. 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.
History: En. Sec. 108, Ch. 494, L. 1993.
Structure Montana Code Annotated
Title 72. Estates, Trusts, and Fiduciary Relationships
Chapter 6. Nonprobate Transfers on Death
Part 3. Uniform TOD Security Registration Act
72-6-302. Registration in beneficiary form -- sole or joint tenancy ownership
72-6-303. Registration in beneficiary form -- applicable law
72-6-304. Origination of registration in beneficiary form
72-6-305. Form of registration in beneficiary form
72-6-306. Effect of registration in beneficiary form
72-6-307. Ownership on death of owner
72-6-308. Protection of registering entity
72-6-309. Nontestamentary transfer on death