[Code of Federal Regulations]
[Title 31, Volume 2]
[Revised as of July 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 31CFR346.7]

[Page 285]
 
                  TITLE 31--MONEY AND FINANCE: TREASURY
 
         CHAPTER II--FISCAL SERVICE, DEPARTMENT OF THE TREASURY
 
PART 346--REGULATIONS GOVERNING UNITED STATES INDIVIDUAL RETIREMENT BONDS--Table of Contents
 
Sec. 346.7  Judicial proceedings.

    No judicial determination will be recognized which would give effect 
to an attempted voluntary transfer inter vivos of an Individual 
Retirement Bond. Otherwise, a claim against a registered owner will be 
recognized when established by valid judicial proceedings, but in no 
case will payment be made 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 unless or until the bond 
has become eligible for authorized redemption pursuant to these 
regulations. Neither the Department of the Treasury nor any of its 
agencies will accept notices of adverse claims or of pending judicial 
proceedings or undertake to protect the interests of litigants who do 
not have possession of the bond.

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