Washington Code 21.35.030 – Designation of a TOD or POD beneficiary — Effect on ownership — Cancellation or change
Current as of: 2023 | Check for updates
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The designation of a TOD or POD beneficiary on a registration in beneficiary form has no effect on ownership of the security until the owner’s death, or on community property rights and obligations of owners. 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.
[ 1993 c 287 § 6.]
Terms Used In Washington Code 21.35.030
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC