North Dakota Code 30.1-31-26 – (6-306) Effect of registration in beneficiary form
Current as of: 2023 | Check for updates
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The designation of a T.O.D. 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.
Terms Used In North Dakota Code 30.1-31-26
- 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