§ 7-11.1-7. 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 of Section.P.L. 1998, ch. 260, § 1.
Structure Rhode Island General Laws
Title 7 - Corporations, Associations and Partnerships
Chapter 7-11.1 - The Uniform Transfer on Death Security Registration Act
Section 7-11.1-1. - Short title — Rules of construction.
Section 7-11.1-2. - Definitions.
Section 7-11.1-3. - Registration in beneficiary form — Sole or joint tenancy ownership.
Section 7-11.1-4. - Registration in beneficiary form — Applicable law.
Section 7-11.1-5. - Origination of registration in beneficiary form.
Section 7-11.1-6. - Form of registration in beneficiary form.
Section 7-11.1-7. - Effect of registration in beneficiary form.
Section 7-11.1-8. - Ownership on death of owner.
Section 7-11.1-9. - Protection of registering entity.
Section 7-11.1-10. - Nontestamentary transfer on death.
Section 7-11.1-11. - Terms — Conditions — Forms for registration.