31 C.F.R. § 360.37 Payment during lives of both coowners.
Title 31 - Money and Finance: Treasury
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”.
Title 31: Money and Finance: Treasury
PART 360—REGULATIONS GOVERNING DEFINITIVE UNITED STATES SAVINGS BONDS, SERIES I
Subpart G—General Provisions for Payment
§ 360.37 Payment during lives of both coowners.
