Iowa Code (Last Updated: December 05, 2016) |
Title XV. JUDICIAL BRANCH AND JUDICIAL PROCEDURES |
Chapter 633D. TRANSFER ON DEATH SECURITY REGISTRATION |
Section 633D.7. Effect of registration in beneficiary form.
Latest version.
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The designation of a transfer on death or pay on death 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 surviving owners without the consent of the beneficiary.
CS97, §633.806
CS2005, §633D.7