N.J.S.A. 3B:30-7

No effect on ownership, cancellation, change permitted

3B:30-7. No effect on ownership, cancellation, change permitted 7. 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 cancelled or changed at any time by the sole owner or all then surviving owners, without the consent of the beneficiary. L.1995,c.130,s.7.

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This is the verbatim text of N.J.S.A. 3B:30-7, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.