31 CFR § 363.12 - Who may purchase and hold book-entry securities in TreasuryDirect ®?
---
identifier: "/us/cfr/t31/s363.12"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "31 CFR § 363.12 - Who may purchase and hold book-entry securities in TreasuryDirect ®?"
title_number: 31
title_name: "Money and Finance: Treasury"
section_number: "363.12"
section_name: "Who may purchase and hold book-entry securities in TreasuryDirect ®?"
chapter_name: "FISCAL SERVICE, DEPARTMENT OF THE TREASURY"
subchapter_number: "A"
subchapter_name: "BUREAU OF THE FISCAL SERVICE"
part_number: "363"
part_name: "REGULATIONS GOVERNING SECURITIES HELD IN TREASURYDIRECT"
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. 3102, 31 U.S.C. 3121,"
regulatory_source: "67 FR 64286, Oct. 17, 2002, unless otherwise noted."
cfr_part: "363"
---
# 363.12 Who may purchase and hold book-entry securities in TreasuryDirect ®?
(a) A TreasuryDirect account owner may purchase and hold securities through his or her account.
(b) We do not permit a legally incompetent person to open an account, purchase securities, or convert savings bonds once we have been provided with an order from a court with appropriate jurisdiction determining incompetence to perform such activities.
(c) We do not permit a voluntary representative to purchase securities on behalf of the estate of a decedent.
(d) We may reject any application for the purchase of a security, in whole or in part. We may refuse to issue a security in any case or class of cases, if we deem the action to be in the public interest. Our decision in any such respect is final.
[70 FR 57433, Sept. 30, 2005, as amended at 74 FR 19417, Apr. 29, 2009 ]