Source: https://www.ecfr.gov/cgi-bin/text-idx?mc=true&node=sp31.2.315.k&rgn=div6
Timestamp: 2020-02-24 13:17:53
Document Index: 656205913

Matched Legal Cases: ['art 315', '§315', '§315', '§315', '§315', '§315', '§315', '§315', '§315', '§315']

Title 31 → Subtitle B → Chapter II → Subchapter A → Part 315 → Subpart K
§315.60 Conditions for payment to representative of an estate.
§315.61 Payment after death.
§315.62 Payment to minors.
§315.63 Payment to a parent or other person on behalf of a minor.
§315.64 Payment, reinvestment, or exchange—voluntary guardian of an incapacitated person.
§315.65 Reissue.
(a) General. The representative of an estate of an owner who is a minor, an aged person, incompetent, absentee, et al., may receive upon request—
(b) Evidence. Appropriate evidence for paragraphs (a) (2) and (3) of this section includes a certified copy of the letters of appointment or, if the representative is not appointed by a court, other proof of qualification. Except in thee case of corporate fiduciaries, the evidence must show that the appointment is in full force and be dated not more than one year prior to the presentation of the bond for payment. The request for payment appearing on the back of a bond must be signed by the representative as such, for example, “John S. Jones, guardian (committee) of the estate of Henry W. Smith, a minor (an incompetent).”
Mary Jones on behalf of John C. Jones.
Alice Brown, grandmother, on behalf of John C. Jones.
(b) A bond on which a minor is named as beneficiary or coowner may be reissued in the name of a custodian for the minor under a statute authorizing gifts to minors upon the request of the adult whose name appears on the bond as owner or coowner.
(d) Reissue to eliminate the name of a minor or incompetent for whose estate a legal representative has been appointed is permitted only if supported by evidence that a court has authorized the representative of the minor's or incompetent's estate to request the reissue. See §315.23.
Except to the extent provided in paragraphs (a) through (d), of this section, reissue will be restricted to a form of registration which does not adversely affect the existing ownership or interest of a minor who is not of sufficient understanding to make a request, or other person under legal disability. Requests for reissue should be executed by the person authorized to request payment under §§315.60 and 315.63, or the person who may request recognition as voluntary guardian under §315.64.
[45 FR 64091, Sept. 26, 1980. Redesignated at 57 FR 39602, Sept. 1, 1992]