31 CFR § 353.38 - Payment during lifetime of owner of beneficiary bond.

---
identifier: "/us/cfr/t31/s353.38"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "31 CFR § 353.38 - Payment during lifetime of owner of beneficiary bond."
title_number: 31
title_name: "Money and Finance: Treasury"
section_number: "353.38"
section_name: "Payment during lifetime of owner of beneficiary bond."
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"
---


# 353.38 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 § 353.43) the beneficiary will cease to have any interest in the bond.