What happens if an owner becomes incompetent after opening a TreasuryDirect ® account?

  1. Law
  2. CFR 31
  3. Money and Finance: Treasury
  4. Regulations Relating to Money and Finance
  5. Fiscal Service, Department of the Treasury
  6. Bureau of the Fiscal Service
  7. Regulations Governing Securities Held in TreasuryDirect
  8. General Provisions Governing Securities Held in TreasuryDirect
  9. What happens if an owner becomes incompetent after opening a TreasuryDirect ® account?

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§ 363.34 What happens if an owner becomes incompetent after opening a TreasuryDirect ® account?

If we receive notice that the owner of a TreasuryDirect account has become incompetent, we will suspend all transactions in the account until we establish the authority of another person to act in his or her behalf.

[67 FR 64286, Oct. 17, 2002, as amended at 68 FR 24807, May 8, 2003]


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