31 CFR 353.37 - Payment during lives of both coowners.

Regulations last checked for updates: Feb 16, 2025

Title 31 - Money and Finance: Treasury last revised: Jan 17, 2025

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

§ 353.37 - Payment during lives of both coowners.

A savings bond registered in coownership form will be paid to either coowner upon surrender with an appropriate request, and upon payment (as determined in § 353.43), the other coowner will cease to have any interest in the bond. If both coowners request payment, payment will be made by check drawn in the form, “John A. Jones AND Mary C. Jones”.

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 353.37