<?xml version='1.0' encoding='utf-8'?>
<section article="get" article_name="Estates and Trusts" number="16-106" title_number="16" title_name="Maryland Uniform Transfer-on-Death (Tod) Security Registration Act" subtitle_number="1">
  <level label="a">
    <text>The designation of a TOD beneficiary on a registration in beneficiary form has no effect on ownership until the owner’s death.</text>
  </level>
  <level label="b">
    <text>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.</text>
  </level>
</section>
