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.­ (updated Jan. 1, 1999; accessed Jun. 25, 2025).

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Verified:
Jun. 25, 2025

§ 5506's source at ca​.gov