C.F.R. » Title 31 » CHAPTER II—FISCAL SERVICE, DEPARTMENT OF THE TREASURY › SUBCHAPTER A—BUREAU OF THE FISCAL SERVICE › PART 360—REGULATIONS GOVERNING DEFINITIVE UNITED STATES SAVINGS BONDS, SERIES I › Subpart G—General Provisions for Payment

31 C.F.R. § 360.37

Payment during lives of both coowners

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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”.

Notes of Decisions
Cited in 1 case, 2016–2016 · leading case: In Re: Kocis, M. An Incapacitated Person, No. 2744 EDA 2015 (Pa. Super. Ct. June 29, 2016).
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In Re: Kocis, M. An Incapacitated Person, No. 2744 EDA 2015 (Pa. Super. Ct. June 29, 2016). · cites it 3× “31 C.F.R. § 360.37 . Moreover, on each of these bonds, Mary was the owner and her sisters were relegated to the status of first co-owners because the bonds were registered under Mary’s Social Security number.”
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