[Text of section effective until July 1, 2011. Repealed by 2008, 521, Sec. 24. See 2008, 521, Sec. 44.]

Section 107. The designation of a transfer on death beneficiary on a registration in beneficiary form shall have 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 surviving owners without the consent of the beneficiary.