If the registered owner of United States savings bonds registered in the name of one person payable on death to another dies without having presented and surrendered the bond for payment or authorized reissue to a federal reserve bank or the treasury department, and is survived by the beneficiary, the beneficiary will be the sole and absolute owner of the bond.
RCW 11.04.240
United States savings bond—Effect of beneficiary's survival of registered owner.
Applied in 2 court decisions — leading case 60 Wash. 2d 179 - In Re Yiatchos'estate (1962)
Most recently applied in 60 Wash. 2d 179 - In Re Yiatchos'estate (June 1962)
1965 c 145 s 11.04.240
Official source: Washington State Legislature. Reproduced from public-domain Washington statutes; confirm against the official source for the current text. Not legal advice.