Section 700.6306 - Effect of registration in beneficiary form.
ESTATES AND PROTECTED INDIVIDUALS CODE (EXCERPT)
Act 386 of 1998
700.6306 Effect of registration in beneficiary form.
Act 386 of 1998
700.6306 Effect of registration in beneficiary form.
Sec. 6306.
The designation of a TOD beneficiary on a registration in beneficiary form does not affect 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 surviving owners without the consent of the beneficiary.
History: 1998, Act 386, Eff. Apr. 1, 2000 ;--Am. 2000, Act 54, Eff. Apr. 1, 2000
Popular Name: EPIC