                                 CODE OF VIRGINIA

FORM OF REGISTRATION IN BENEFICIARY FORM; EFFECT (§ 64.2-615)

A. Registration in beneficiary form may be shown by the words &#8220;transfer on
death&#8221; or the abbreviation &#8220;TOD,&#8221; or by the words &#8220;pay
on death&#8221; or the abbreviation &#8220;POD,&#8221; after the name of the
registered owner and before the name of the beneficiary.

B. The designation of a TOD beneficiary on a registration in beneficiary form
has no effect on ownership until the owner&#8217;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.

HISTORY: 1994, c. 422, § 64.1-206.4; 2012, c. 614.