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

View all text of Subpart D [§ 353.15 - § 353.16]

§ 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