31 C.F.R. § 363.22 Who has the right to conduct online transactions in book-entry securities?
Title 31 - Money and Finance: Treasury
(a) Single owner form of registration. A single owner can conduct transactions in securities held in his or her TreasuryDirect account. (b) Owner with beneficiary form of registration. The owner can conduct transactions in securities held in his or her TreasuryDirect account. The beneficiary has no rights during the lifetime of the owner and therefore cannot conduct transactions in the securities. (c) Primary owner with secondary owner form of registration. (1) The primary owner can conduct any permitted transaction in a security held in the primary owner's TreasuryDirect account. (See §363.20(e)). (2) If the primary owner has given the secondary owner the right to conduct transactions in a security, and has not revoked that right, then the secondary owner can conduct transactions in the security. Transactions that may be conducted by the secondary owner include transferring a marketable security, including a transfer for a Sell Direct transaction, redeeming a savings bond, and changing the destination of interest and redemption payments for marketable securities. (d) Converted savings bonds. The rules for transactions governing converted savings bonds are contained in subpart E of this part. [70 FR 57434, Sept. 30, 2005 as amended at 70 FR 57443, Sept. 30, 2005]
Title 31: Money and Finance: Treasury
PART 363—REGULATIONS GOVERNING SECURITIES HELD IN TREASURYDIRECT
Subpart B—General Provisions Governing Securities Held in TreasuryDirect
§ 363.22 Who has the right to conduct online transactions in book-entry securities?
