It is our opinion that, under the regulations of the Secretary of the Treasury of the United States applicable to these bonds at the time of their purchase and registration, the designated beneficiary named in the bonds acquired a present interest and fixed right therein. (See Matter of Deyo, 180 Misc. 32, and cases there cited.) There being no proof that at the time of the purchase or issuance of the bonds decedent was insolvent or, indeed, had any creditors whatever...
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