---
kind: "section"
citation: "31 C.F.R. § 315.38"
title: "31"
number: "315.38"
heading: "Payment during lifetime of owner of beneficiary bond."
url: "https://uscodex.org/cfr/31/315.38"
---

# §315.38. Payment during lifetime of owner of beneficiary bond.


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](/cfr/31/315.43.md)), the beneficiary will cease to have any interest in the bond.


## Notes

### Authority

Authority: 31 U.S.C. 3105 and 5 U.S.C. 301.

### Source

Source: 45 FR 64091, Sept. 26, 1980, unless otherwise noted.