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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 31 - Money and Finance: Treasury |
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Subtitle B - Regulations Relating to Money and Finance |
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Chapter II - Fiscal Service, Department of the Treasury |
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SubChapter A - Bureau of the Fiscal Service |
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Part 315 - Regulations Governing U.S. Savings Bonds, Series a, B, C, D, E, F, G, H, J, and K, and U.S. Savings Notes |
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Subpart H - General Provisions for Payment |
§ 315.38 - Payment during lifetime of owner of beneficiary bond.
Latest version.
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§ 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.