---
kind: "section"
citation: "31 C.F.R. § 328.5"
title: "31"
number: "328.5"
heading: "Forms of endorsement."
url: "https://uscodex.org/cfr/31/328.5"
---

# §328.5. Forms of endorsement.

- (a) **When presented by banks—**
  - (1) **For payment or exchange.** The endorsement placed on a bearer security presented for payment or exchange by a bank should be in the following form:
  - (2) **For redemption at par.** The endorsement placed on a bearer security presented for redemption at par in payment of Federal estate taxes should be in the following form:
- (b) **For conversion to book-entry securities.** The endorsement placed on a bearer security presented for conversion to a book-entry security shall be in the following form:
- (c) **When presented by Service Center Directors or District Directors, Internal Revenue Service.** The endorsement placed on a bearer security by a Service Center Director or a District Director, Internal Revenue Service, should be in the following form:

## Notes

### Authority

Authority: R.S. 3706; 40 Stat. 288, 502, 1309; 46 Stat. 20; 48 Stat. 343; 49 Stat. 20; 56 Stat. 189; 73 Stat. 622; 85 Stat. 5, 74 (31 U.S.C. 738a, 739, 752, 752a, 753, 754, 754a and 754b); and 5 U.S.C. 301.

### Source

Source: 38 FR 10682, Apr. 30, 1973, unless otherwise noted.