§ 363.12. Who may purchase and hold book-entry securities in TreasuryDirect ®?
139 words·~1 min read·
/us/cfr/t31/s§ 363.12·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)A TreasuryDirect account owner may purchase and hold securities through his or her account.
(b)We do not permit a legally incompetent person to open an account, purchase securities, or convert savings bonds once we have been provided with an order from a court with appropriate jurisdiction determining incompetence to perform such activities.
(c)We do not permit a voluntary representative to purchase securities on behalf of the estate of a decedent.
(d)We may reject any application for the purchase of a security, in whole or in part. We may refuse to issue a security in any case or class of cases, if we deem the action to be in the public interest. Our decision in any such respect is final. \[70 FR 57433, Sept. 30, 2005, as amended at 74 FR 19417, Apr. 29, 2009 \]