31 CFR 342.7 - Payment or redemption.
§ 342.7
Payment or redemption.
(a) General.
A savings note is redeemable any time one year or more after the issue date upon its presentation and surrender, with a duly executed request for payment, to any Federal Reserve Bank or Branch referred to in § 342.9, the Bureau of the Public Debt, or to any financial institution designated as a paying agent of savings bonds.
(b) Judgment creditors.
Payment of a savings note to the purchaser at a sale under a levy, or to the officer authorized to levy upon the property of the owner under appropriate process to satisfy a money judgment, could not be made until one year after the issue date of the note.
[57 FR 14282, Apr. 17, 1992, as amended at 59 FR 10540, Mar. 4, 1994]
Title 31 published on 2012-07-01
no entries appear in the Federal Register after this date.
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