31 CFR 315.38 : 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 U.S. Savings Bonds, Series A, B, C, D, E, F, G, H, J, And K, And U.S. Savings Notes (§ 315.0 To § 315.93) — General Provisions For Payment (§ 315.35 To § 315.44) — 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 § 315.43), the beneficiary will cease to have any interest in the bond.

31 CFR 315.38