1. (a) A United States Savings Bond is an obligation of the federal government that is nontransferable.
2. (b) These bonds are normally owned by the owner or owners shown on the front of the bond.
3. (c) If bond ownership is shared, each person’s share as a resource is equal, even though any one (1) of the owners listed on the bond may dispose of it.

Codification Notes: This section as promulgated prior to codification into the Code of Arkansas Rules provided as follows: “07/01/97”