---
kind: "section"
citation: "31 C.F.R. § 353.47"
title: "31"
number: "353.47"
heading: "Authorized reissue—during lifetime."
url: "https://uscodex.org/cfr/31/353.47"
---

# §353.47. Authorized reissue—during lifetime.


A bond belonging to an individual may be reissued in any authorized form of registration upon an appropriate request for the purposes outlined below.

- (a) **Single ownership.** A bond registered in single ownership form may be reissued—
  - (1) To add a coowner or beneficiary; or
  - (2) **To name a new owner, with or without a coowner or beneficiary, but only if—**
    - (i) The new owner is related to the previous owner by blood (including legal adoption) or marriage;
    - (ii) The previous owner and the new owner are parties to a divorce or annulment; or
    - (iii) 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.
- (b) **Coownership—**
  - (1) **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:
    - (i) As single owner,
    - (ii) As owner with one of the original coowners as beneficiary, or
    - (iii) **As a new coowner with one of the original coowners.**
  - (2) **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:
    - (i) 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
    - (ii) Both coowners on the submitted bond are related by blood (including legal adoption) or marriage to each other.
  - (3) **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:
    - (i) Either coowner is a beneficiary of the trust, or (ii) a beneficiary of the trust is related by blood or marriage to either coowner.
- (c) **Beneficiary.** A bond registered in beneficiary form may be reissued:
  - (1) To name the beneficiary as coowner;
  - (2) To substitute another individual as beneficiary; or
  - (3) To eliminate the beneficiary, and, if the beneficiary is eliminated, to effect any of the reissues authorized by [paragraph (a)](#a) of this section.

## Notes

### 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.