31 CFR 363.100 - What are the rules for purchasing and delivering gift savings bonds to minors?

Regulations last checked for updates: Nov 22, 2024

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

View all text of Subpart C [§ 363.50 - § 363.129]

§ 363.100 - What are the rules for purchasing and delivering gift savings bonds to minors?

(a) A TreasuryDirect ® account owner can purchase a savings bond as a gift with a minor as the recipient.

(b) An account owner can deliver a bond purchased as a gift to a minor. The account owner must deliver the security to the minor's linked account. Once delivered, the bond will be under the control of the custodian of the minor's account. (See § 363.27.)

[70 FR 57444, Sept. 30, 2005]

authority: 5 U.S.C. 301; 12 U.S.C. 391; 31 U.S.C. 3102,

source: 67 FR 64286, Oct. 17, 2002, unless otherwise noted.

cite as: 31 CFR 363.100