N.Y. Estates, Powers & Trusts Law § 13-4.6: Effect of registration in beneficiary form

§ 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.