§ 16–106
Statutes in effect as of October 1, 2026.
Md. Code Ann., Est. & Trusts § 16-106 (2026)
Title 16. Maryland Uniform Transfer-on-Death (Tod) Security Registration Act
Subtitle 1
§ 16–106LinkCopy Citation
(a)
The designation of a TOD beneficiary on a registration in beneficiary form has no effect on ownership until the owner’s death.
(b)
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.