[Code of Federal Regulations]
[Title 38, Volume 1]
[Revised as of January 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 38CFR13.106]

[Page 565]
 
            TITLE 38--PENSIONS, BONUSES, AND VETERANS' RELIEF
 
                CHAPTER I--DEPARTMENT OF VETERANS AFFAIRS
 
PART 13_VETERANS BENEFITS ADMINISTRATION, FIDUCIARY 
 
Sec.  13.106  Investments by court-appointed fiduciaries.

    The Veterans Service Center Manager will review and to the extent 
possible determine the legality and prudence of investments involving 
Department of Veterans Affairs income or estate. It is Department of 
Veterans Affairs policy to invest income or estate derived from 
Department of Veterans Affairs benefits only in legal investments which 
have safety, assured income, stability of principal and ready 
convertibility for the requirements of the beneficiary and his or her 
dependents. When notice of a contemplated or actual illegal or imprudent 
investment comes to the attention of the Veterans Service Center 
Manager, he or she will take remedial action to protect the 
beneficiary's estate. Cases in which it becomes necessary to institute 
court action will be referred to the Regional Counsel.

(Authority: 38 U.S.C. 501)

[40 FR 54250, Nov. 21, 1975]