23 Miss. Code. R. 103-4.14 - US Savings Bonds
A. General.
1. A US Savings Bond is an obligation of the
federal government, is not transferable and can only be sold back to the
federal government.
B.
Treatment.
1. Ownership Determination.
a) The individual(s) in whose name the bond
is registered is the owner and retains sole ownership rights during his
lifetime, even if a beneficiary is also named.
2. Valuation.
a) The redemption value of US bonds must be
determined through the US Treasury and counts as a resource.
1) If there are joint owners, each individual
owns equal shares of the bond's redemption value.
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.