---
kind: "section"
citation: "31 C.F.R. § 363.12"
title: "31"
number: "363.12"
heading: "Who may purchase and hold book-entry securities in TreasuryDirect ®?"
url: "https://uscodex.org/cfr/31/363.12"
---

# §363.12. Who may purchase and hold book-entry securities in TreasuryDirect ®?

- (a) A TreasuryDirect account owner may purchase and hold securities through his or her account.
- (b) We do not permit a legally incompetent person to open an account, purchase securities, or convert savings bonds once we have been provided with an order from a court with appropriate jurisdiction determining incompetence to perform such activities.
- (c) We do not permit a voluntary representative to purchase securities on behalf of the estate of a decedent.
- (d) We may reject any application for the purchase of a security, in whole or in part. We may refuse to issue a security in any case or class of cases, if we deem the action to be in the public interest. Our decision in any such respect is final.

## Notes

### Amendments

[70 FR 57433, Sept. 30, 2005, as amended at 74 FR 19417, Apr. 29, 2009 ]

### Authority

Authority: 5 U.S.C. 301; 12 U.S.C. 391; 31 U.S.C. 3102, et seq.; 31 U.S.C. 3121, et seq.

### Source

Source: 67 FR 64286, Oct. 17, 2002, unless otherwise noted.

### Amendments

[70 FR 57433, Sept. 30, 2005, as amended at 74 FR 19417, Apr. 29, 2009 ]