31 CFR § 240.16

31 CFR · Money and Finance: Treasury

§ 240.16 — Checks issued to minor payees.

31 CFR § 240.16

TitleTitle 31: Money and Finance: Treasury PartPart 240: Indorsement and Payment of Checks Drawn on the United States Treasury

SourceeCFR (current through Mar 30, 2026)

This text of 31 C.F.R. § 240.16 (Checks issued to minor payees.) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

31 C.F.R. § 240.16 (2026).

Text

§ 240.16 Checks issued to minor payees.

(a)Checks in payment of principal and/or interest on U.S. securities that are issued to minors may be indorsed by:

(1)Either parent with whom the minor resides; or

(2)If the minor does not reside with either parent, by the person who furnishes the minor's chief support.

(b)The parent or other person indorsing on behalf of the minor must present with the check the indorser's signed statement giving the minor's age, and stating that the payee either resides with the parent or receives his or her chief support from the person indorsing on the minor's behalf and that the proceeds of the check will be used for the minor's benefit.

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§ 240.16 Checks issued to minor payees.

(a) Checks in payment of principal and/or interest on U.S. securities that are issued to minors may be indorsed by:

(1) Either parent with whom the minor resides; or

(2) If the minor does not reside with either parent, by the person who furnishes the minor's chief support.

(b) The parent or other person indorsing on behalf of the minor must present with the check the indorser's signed statement giving the minor's age, and stating that the payee either resides with the parent or receives his or her chief support from the person indorsing on the minor's behalf and that the proceeds of the check will be used for the minor's benefit.