CFR
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Title 31 - Money and Finance: Treasury
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SUBTITLE B—Regulations Relating to Money and Finance
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CHAPTER II—FISCAL SERVICE, DEPARTMENT OF THE TREASURY (parts 200 to 391)
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SUBCHAPTER B—BUREAU OF THE PUBLIC DEBT (parts 306 to 391)
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PART 315—REGULATIONS GOVERNING U.S. SAVINGS BONDS, SERIES A, B, C, D, E, F, G, H, J, AND K, AND U.S. SAVINGS NOTES
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SUBPART H—General Provisions for Payment (§315.35 to §315.44)
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315.38—Payment during lifetime of owner of beneficiary bond.
315.38—Payment during lifetime of owner of beneficiary bond.
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 § 315.43 ), the beneficiary will cease to have any interest in the bond.