§360.43. Effective date of request for payment. — Inbound Citations
31 C.F.R. § 360.43
Statutory Authority
Cited by 2 regulations in release Current.
Citations to 31 U.S.C. § 360.43 as a whole
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A savings bond registered in coownership form will be paid to either coowner upon surrender with an appropriate request, and upon payment (as determined in § 360.43), the other coowner will cease to have any interest in the bond. If both coowners request payment, the payment will be made in the form, “John A. Jones AND Mary C. Jones”.
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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 § 360.43) the beneficiary will cease to have any interest in the bond.