Probate Code section 5506

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.

Source: Section 5506, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=PROB§ionNum=5506. (accessed Jun. 2, 2025).

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Last Updated

May 12, 2025

§ 5506’s source at ca.gov

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Location: https://california.public.law/codes/probate_code_section_5506

Original Source: Section 5506, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=PROB§ionNum=5506. (last accessed May 12, 2025).