1. Regulations
  2. title 31
  3. chapter II
  4. part 353
  5. subpart D
  6. § 353.16

Collapse to view only § 353.16 - Pledge.

§ 353.15 - Transfer.

Savings bonds are not transferable and are payable only to the owners named on the bonds, except as specifically provided in these regulations and then only in the manner and to the extent so provided.

AUTHORITY: 5 U.S.C. 301; 12 U.S.C. 391; 31 U.S.C. 3105, 3125.

SOURCE: 44 FR 76441, Dec. 26, 1979, unless otherwise noted.

CITE AS: 31 CFR 353.15

§ 353.16 - Pledge.

A savings bond may not be hypothecated, pledged, or used as security for the performance of an obligation.

AUTHORITY: 5 U.S.C. 301; 12 U.S.C. 391; 31 U.S.C. 3105, 3125.

SOURCE: 44 FR 76441, Dec. 26, 1979, unless otherwise noted.

CITE AS: 31 CFR 353.16