[Code of Federal Regulations]
[Title 31, Volume 2]
[Revised as of July 1, 2006]
From the U.S. Government Printing Office via GPO Access
[CITE: 31CFR363.96]

[Page 494]
 
                  TITLE 31--MONEY AND FINANCE: TREASURY
 
         CHAPTER II--FISCAL SERVICE, DEPARTMENT OF THE TREASURY
 
PART 363_REGULATIONS GOVERNING SECURITIES HELD IN TREASURYDIRECT--Table 
of Contents
 
   Subpart C_Book-Entry Savings Bonds Purchased Through TreasuryDirect
 
Sec.  363.96  What do I need to know if I initially purchase a bond as 
a gift?

    (a) The gift bond will be registered in the name of the 
recipient(s). The registration is irrevocable with regard to the owner 
named on the gift bond.
    (b) You must provide the SSN of the recipient.
    (c) You may deliver the bond upon purchase, or you may hold the bond 
in your TreasuryDirect[supreg] account until you are ready to deliver 
the bond to the owner named on the gift bond.
    (d) If the purchaser dies before delivering a gift bond to the 
recipient, the bond belongs to the owner named on the gift bond, 
notwithstanding any testamentary attempts to the contrary by the 
purchaser, or any state law to the contrary. We will hold the bond until 
we receive instructions from the owner named on the gift bond.

[67 FR 64286, Oct. 17, 2002, as amended at 69 FR 2508, Jan. 16, 2004]