31 C.F.R. § 360.38 Payment during lifetime of owner of beneficiary bond.
Title 31 - Money and Finance: Treasury
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 §360.43) the beneficiary will cease to have any interest in the bond.
Title 31: Money and Finance: Treasury
PART 360—REGULATIONS GOVERNING DEFINITIVE UNITED STATES SAVINGS BONDS, SERIES I
Subpart G—General Provisions for Payment
§ 360.38 Payment during lifetime of owner of beneficiary bond.
