31 CFR § 353.37 - Payment during lives of both coowners.

---
identifier: "/us/cfr/t31/s353.37"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "31 CFR § 353.37 - Payment during lives of both coowners."
title_number: 31
title_name: "Money and Finance: Treasury"
section_number: "353.37"
section_name: "Payment during lives of both coowners."
chapter_name: "FISCAL SERVICE, DEPARTMENT OF THE TREASURY"
subchapter_number: "A"
subchapter_name: "BUREAU OF THE FISCAL SERVICE"
part_number: "353"
part_name: "REGULATIONS GOVERNING DEFINITIVE UNITED STATES SAVINGS BONDS, SERIES EE AND HH"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "5 U.S.C. 301; 12 U.S.C. 391; 31 U.S.C. 3105, 3125."
regulatory_source: "44 FR 76441, Dec. 26, 1979, unless otherwise noted."
cfr_part: "353"
---


# 353.37 Payment during lives of both coowners.

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 § 353.43), the other coowner will cease to have any interest in the bond. If both coowners request payment, payment will be made by check drawn in the form, “John A. Jones AND Mary C. Jones”.