1. Regulations
  2. title 31
  3. chapter II
  4. part 315
  5. subpart H
  6. § 315.38

View all text of Subpart H [§ 315.35 - § 315.44]

§ 315.38 - Payment during lifetime of owner of beneficiary bond.

A savings bond registered in beneficiary form will be paid to the registered owner during his or her lifetime upon surrender with an appropriate request. Upon payment (as determined in § 315.43), the beneficiary will cease to have any interest in the bond.

AUTHORITY: 31 U.S.C. 3105 and 5 U.S.C. 301.

SOURCE: 45 FR 64091, Sept. 26, 1980, unless otherwise noted.

CITE AS: 31 CFR 315.38