§ 13648.2. U. S. Savings Bond Payable on Death of One Person to Another.

Source: https://govt.westlaw.com/calregs/Document/IE6E3D3834C8311EC89E5000D3A7C4BC3?viewType=FullText&originationContext=documenttoc&transitionType=CategoryPageItem&contextData=(sc.Default)

United States savings bonds may be purchased as “payable on death” of one person to another. The provisions of the Inheritance Tax Law relating to inter vivos transfers are applicable to such bonds (see Revenue and Taxation Code Sections 13641 through 13648).

Note: As to the taxation of United States savings bonds purchased in two names, see Section 13671.2.

Note: Reference: Section 13648, Revenue and Taxation Code.