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 cancelled or changed at any time by the sole owner or all then surviving owners, without the consent of the beneficiary.
Alabama Legal Code
Section 8-6-145 - Designation of Tod; Registration Cancelled or Changed
Source: https://alison.legislature.state.al.us/code-of-alabama?section=8-6-145· Version 2026