---
kind: "section"
citation: "31 C.F.R. § 357.25"
title: "31"
number: "357.25"
heading: "Security interests."
url: "https://uscodex.org/cfr/31/357.25"
---

# §357.25. Security interests.

- (a) **General.** The Department will not recognize any notice or claim of a lien, encumbrance, or security interest of any kind, including a pledge, in a security in Legacy Treasury Direct ® except as provided in [§ 357.23](/cfr/31/357.23.md) and in [paragraph (b)](#b) of this section.
- (b) **Security for the performance of duty or obligation under Federal law.** The Department will accept and hold pursuant to the provisions of [31 U.S.C. 9303](/usc/31/9303.md), book-entry bonds, notes or bills submitted in lieu of a surety bond as security for the performance of a duty or obligation required by Federal law in accordance with said section.

## Notes

### Authority

Authority: 31 U.S.C. chapter 31; 5 U.S.C. 301; 12 U.S.C. 391.

### Source

Source: 51 FR 18265, May 16, 1986, unless otherwise noted.