§ 360.38. Payment during lifetime of owner of beneficiary bond.
43 words·~1 min read·
/us/cfr/t31/s§ 360.38·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.