31 CFR 360.37 - Payment during lives of both coowners.

Regulations last checked for updates: Nov 22, 2024

Title 31 - Money and Finance: Treasury last revised: Nov 18, 2024

View all text of Subpart G [§ 360.35 - § 360.44]

§ 360.37 - 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 § 360.43), the other coowner will cease to have any interest in the bond. If both coowners request payment, the payment will be made in the form, “John A. Jones AND Mary C. Jones”.

authority: 5 U.S.C. 301; 31 U.S.C. 3105 and 3125

source: 63 FR 38049, July 14, 1998, unless otherwise noted.

cite as: 31 CFR 360.37