31 CFR 353.85
§ 353.85 Reissue in name of trustee or agent for reinvestment purposes.
United States · 31 CFR — Money and Finance: Treasury · Status: effective
Cite this
- Citation
- 31 CFR 353.85, § 353.85 Reissue in name of trustee or agent for reinvestment purposes, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/140246
- Permanent ID
ys:prov:140246@1- SHA-256
45794965bca67e51aa37e911884793018a29c15ae4526a079ed1a9e42a422242
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Full text
A bond registered in the name of a religious, educational, charitable or nonprofit organization, whether or not incorporated, may be reissued in the name of a financial institution, or an individual, as trustee or agent. There must be an agreement between the organization and the trustee or agent holding funds of the organization, in whole or in part, for the purpose of investing and reinvesting the principal and paying the income to the organization. Reissue should be requested on behalf of the organization by an authorized officer using the appropriate form.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.