§353.47. Authorized reissue—during lifetime.
31 C.F.R. § 353.47
A bond belonging to an individual may be reissued in any authorized form of registration upon an appropriate request for the purposes outlined below.
Single ownership. A bond registered in single ownership form may be reissued—
To add a coowner or beneficiary; or
To name a new owner, with or without a coowner or beneficiary, but only if—
The new owner is related to the previous owner by blood (including legal adoption) or marriage;
The previous owner and the new owner are parties to a divorce or annulment; or
The new sole owner is the trustee of a personal trust estate which was created by the previous owner or which designates as beneficiary either the previous owner or a person related to him or her by blood (including legal adoption) or marriage.
Coownership—
Reissue—to name a related individual as owner or coowner. During the lifetime of both coowners, a coownership bond may be reissued in the name of another individual related by blood (including legal adoption) or marriage to either coowner:
As single owner,
As owner with one of the original coowners as beneficiary, or
As a new coowner with one of the original coowners.
Reissue—to name either coowner alone or with another individual as coowner or beneficiary. During the lifetime of both coowners, a coownership bond may be reissued in the name of either coowner alone or with another individual as coowner or beneficiary if:
After issue of the submitted bond, either coowner named thereon marries, or the coowners are divorced or legally separated from each other, or their marriage is annulled; or
Both coowners on the submitted bond are related by blood (including legal adoption) or marriage to each other.
Reissue—to name the trustee of a personal trust estate. A bond registered in coownership form may be reissued to name a trustee of a personal trust estate created by either coowner or by some other person if:
Either coowner is a beneficiary of the trust, or (ii) a beneficiary of the trust is related by blood or marriage to either coowner.
Beneficiary. A bond registered in beneficiary form may be reissued:
To name the beneficiary as coowner;
To substitute another individual as beneficiary; or
To eliminate the beneficiary, and, if the beneficiary is eliminated, to effect any of the reissues authorized by paragraph (a) of this section.
Notes, amendments, and revision history
Authority
Authority: 5 U.S.C. 301; 12 U.S.C. 391; 31 U.S.C. 3105, 3125.
Source
Source: 44 FR 76441, Dec. 26, 1979, unless otherwise noted.