3B:30-7. No effect on ownership, cancellation, change permitted 7. 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. L.1995,c.130,s.7.
New Jersey Legal Code