31 CFR 353.38 : Money And Finance: Treasury (§ 0.101 To Parts 1061-1099) — (Parts 200-201 To Parts 414-499) — Regulations Relating To Money And Finance (Continued) (Parts 200-201 To Parts 414-499) — Fiscal Service, Department Of The Treasury (Parts 200-201 To Subchapter B) — Bureau Of The Fiscal Service (Parts 200-201 To Parts 392-399) — Regulations Governing Definitive United States Savings Bonds, Series Ee And Hh (§ 353.0 To § 353.92) — General Provisions For Payment (§ 353.35 To § 353.44) — Payment during lifetime of owner of beneficiary bond.

4 Aug 2016

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 § 353.43) the beneficiary will cease to have any interest in the bond.

31 CFR 353.38