1. Regulations
  2. title 31
  3. chapter II
  4. part 353
  5. subpart H
  6. § 353.38

View all text of Subpart H [§ 353.35 - § 353.44]

§ 353.38 - 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 § 353.43) the beneficiary will cease to have any interest in the bond.

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 353.38