Code of Federal Regulations · Section

§ 353.38 — Payment During Lifetime Of Owner Of Beneficiary Bond

31 C.F.R. § 353.38

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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.

31 C.F.R. § 353.37 31 C.F.R. § 353.39

Authorizing Statute

Departmental regulations
5 U.S.C. § 301
Savings bonds and savings certificates
31 U.S.C. § 3105
Federal reserve banks as Government depositaries and fiscal agents
12 U.S.C. § 391