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 Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Title 20 - DECEDENTS, ESTATES AND FIDUCIARIES
Chapter 64 - Transfer on Death Security Registration
Section 6402 - Registration in beneficiary form
Section 6403 - Law applicable to registration
Section 6404 - Origination of registration in beneficiary form
Section 6405 - Form of registration in beneficiary form
Section 6406 - Effect of registration in beneficiary form
Section 6407 - Ownership on death of owner
Section 6408 - Protection of registering entity
Section 6409 - Nontestamentary transfer on death
Section 6410 - Terms, conditions and forms for registration
Section 6411 - Transfers of securities and security accounts