Statutes > Washington Statutes > Title 21 - Securities and investments > 21.35 - Uniform transfer on death security registration act. > 21.35.030 - Designation of a TOD or POD beneficiary -- Effect on ownership -- Cancellation or change.

21.35.030 - Designation of a TOD or POD beneficiary -- Effect on ownership -- Cancellation or change.

Designation of a TOD or POD beneficiary — Effect on ownership — Cancellation or change.

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.]