Mass. General Laws c.190B § 6-306

Effect of registration in beneficiary form

This is an unofficial version of a Massachusetts General Law.

Section 6-306

The designation of a transfer on death beneficiary on a registration in beneficiary form shall have 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 surviving owners without the consent of the beneficiary.