Rights of payees in non-transferable United States savings · as in force on May 31, 2026
§ 13-3.1 Rights of payees in non-transferable United States savings
bonds
Where any United States savings bond is payable to a designated person, whether as owner, co-owner or beneficiary, and such bond is not transferable, the right of such person to receive payment of the bond according to its terms, and the ownership of the money so received, shall not be impaired or defeated by any statute or rule of law governing the transfer of property by will, gift or intestacy, except as provided in section 5-1.1-A; provided further that nothing herein shall limit article 10 of the debtor and creditor law or 2-1.8.
A named owner, co-owner, or beneficiary of a non-transferable U.S. savings bond keeps the right to payment and ownership of the proceeds despite will, gift, or intestacy rules. ★ Exceptions include § 5-1.1-A, Debtor and Creditor Law article 10, and § 2-1.8.
Marked in the text: penalties, time limits, sums of money. Editorial emphasis added by this edition; it does not appear in the statute as enacted.
This provision appears in Volume 1 — The Surrogate's Court in Plain English; Volume 3 — The Surrogate's Court: Court Rules & the EPTL; Volume 5 — Your Career: Surrogate's Court in Plain English.