§ 353.47. Authorized reissue---during lifetime.
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/us/cfr/t31/s§ 353.47·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A bond belonging to an individual may be reissued in any authorized form of registration upon an appropriate request for the purposes outlined below.
(a)Single ownership. A bond registered in single ownership form may be reissued---
(1)To add a coowner or beneficiary; or
(2)To name a new owner, with or without a coowner or beneficiary, but only if:
(i)The new owner is related to the previous owner by blood (including legal adoption) or marriage;
(ii)The previous owner and the new owner are parties to a divorce or annulment; or
(iii)The new sole owner is the trustee of a personal trust estate which was created by the previous owner or which designates as beneficiary either the previous owner or a person related to him or her by blood (including legal adoption) or marriage.
(b)Coownership---(1) Reissue---to name a related individual as owner or coowner. During the lifetime of both coowners, a coownership bond may be reissued in the name of another individual related by blood (including legal adoption) or marriage to either coowner:
(i)As single owner,
(ii)As owner with one of the original coowners as beneficiary, or
(iii)As a new coowner with one of the original coowners.
(2)Reissue---to name either coowner alone or with another individual as coowner or beneficiary. During the lifetime of both coowners, a coownership bond may be reissued in the name of either coowner alone or with another individual as coowner or beneficiary if:
(i)After issue of the submitted bond, either coowner named thereon marries, or the coowners are divorced or legally separated from each other, or their marriage is annulled; or
(ii)Both coowners on the submitted bond are related by blood (including legal adoption) or marriage to each other.
(3)Reissue---to name the trustee of a personal trust estate. A bond registered in coownership form may be reissued to name a trustee of a personal trust estate created by either coowner or by some other person if:
(i)Either coowner is a beneficiary of the trust, or
(ii)a beneficiary of the trust is related by blood or marriage to either coowner.
(c)Beneficiary. A bond registered in beneficiary form may be reissued:
(1)To name the beneficiary as coowner;
(2)To substitute another individual as beneficiary; or
(3)To eliminate the beneficiary, and, if the beneficiary is eliminated, to effect any of the reissues authorized by paragraph
(a)of this section.