[Code of Federal Regulations]
[Title 31, Volume 2]
[Revised as of July 1, 2006]
From the U.S. Government Printing Office via GPO Access
[CITE: 31CFR363.12]

[Page 482]
 
                  TITLE 31--MONEY AND FINANCE: TREASURY
 
         CHAPTER II--FISCAL SERVICE, DEPARTMENT OF THE TREASURY
 
PART 363_REGULATIONS GOVERNING SECURITIES HELD IN TREASURYDIRECT--Table 
of Contents
 
Subpart B_General Provisions Governing Securities Held in TreasuryDirect
 
Sec.  363.12  Who may purchase and hold book-entry securities in 
TreasuryDirect[supreg]?

    (a) A TreasuryDirect account owner may purchase and hold securities 
through his or her account.
    (b) We do not permit a legally incompetent person to open an 
account, purchase securities, or convert savings bonds once we have been 
provided with an order from a court with appropriate jurisdiction 
determining incompetence to perform such activities.
    (c) We do not permit a legal representative, a legal guardian, or a 
voluntary representative to purchase securities on behalf of the estate 
of a decedent or an incompetent person.
    (d) We may reject any application for the purchase of a security, in 
whole or in part. We may refuse to issue a security in any case or class 
of cases, if we deem the action to be in the public interest. Our 
decision in any such respect is final.

[70 FR 57433, Sept. 30, 2005]