(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]
source: 67 FR 64286, Oct. 17, 2002, unless otherwise noted.
cite as: 31 CFR 363.100