31 CFR § 360.38 - Payment during lifetime of owner of beneficiary bond.

---
identifier: "/us/cfr/t31/s360.38"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "31 CFR § 360.38 - Payment during lifetime of owner of beneficiary bond."
title_number: 31
title_name: "Money and Finance: Treasury"
section_number: "360.38"
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: "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"
---


# 360.38 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 § 360.43) the beneficiary will cease to have any interest in the bond.