31 CFR § 360.37 - Payment during lives of both coowners.

---
identifier: "/us/cfr/t31/s360.37"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "31 CFR § 360.37 - Payment during lives of both coowners."
title_number: 31
title_name: "Money and Finance: Treasury"
section_number: "360.37"
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: "360"
part_name: "REGULATIONS GOVERNING DEFINITIVE UNITED STATES SAVINGS BONDS, SERIES I"
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; 31 U.S.C. 3105 and 3125."
regulatory_source: "63 FR 38049, July 14, 1998, unless otherwise noted."
cfr_part: "360"
---


# 360.37 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 § 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”.