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Title 31 → Subtitle B → Chapter II → Subchapter A → Part 363 → Subpart C → §363.100 |
Title 31: Money and Finance: Treasury
PART 363—REGULATIONS GOVERNING SECURITIES HELD IN TREASURYDIRECT
Subpart C—Book-Entry Savings Bonds Purchased Through TreasuryDirect
§363.100 What are the rules for purchasing and delivering gift savings bonds to minors?
(a) A TreasuryDirect® account owner can purchase a savings bond as a gift with a minor as the recipient.
(b) An account owner can deliver a bond purchased as a gift to a minor. The account owner must deliver the security to the minor's linked account. Once delivered, the bond will be under the control of the custodian of the minor's account. (See §363.27.)
[70 FR 57444, Sept. 30, 2005]