§ 11.04.240. United States savings bond -- Effect of beneficiary's survival of registered owner
If the registered owner of United States savings bonds registered in the name of one person payable on death to another dies without having presented and surrendered the bond for payment or authorized reissue to a federal reserve bank or the treasury department, and is survived by the beneficiary, the beneficiary will be the sole and absolute owner of the bond.
[1965 c 145 § 11.04.240. Prior: 1943 c 14 § 2; Rem. Supp. 1943 § 11548-61.]
Sections: Previous 11.04.015 11.04.035 11.04.041 11.04.060 11.04.071 11.04.081 11.04.085 11.04.095 11.04.230 11.04.240 11.04.250 11.04.290 NextLast modified: April 7, 2009