§ 13-4.6 Effect of registration in beneficiary form (a) The designation of a TOD 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. (b) A registration in beneficiary form can be revoked or amended by an express direction in the owner's will which specifically refers to such registration.
Effect of registration in beneficiary form
N.Y. Estates, Powers & Trusts Law § 13-4.6, under Transfer-on-death Security Registration.
N.Y. Estates, Powers & Trusts Law § 13-4.6