25-U.S.C.-411
§411 – Interest On Moneys From Proceeds of Sale
Pathway
Title 25 > Chapter 12 > Section 411
Details
- Reference: Section 411
- Legend: §411 – Interest On Moneys From Proceeds of Sale
- USCode Year: 2013
Provision Content
The shares of money due minor Indians as their proportion of the proceeds from the sale of ceded or tribal Indian lands, whenever such shares have been withheld from their parents, legal guardians, or others, and retained in the United States Treasury by direction of the Secretary of the Interior, shall draw interest at the rate of 3 per centum per annum, unless otherwise provided for, from the period when such proceeds have been or shall be distributed per capita among the members of the tribe of which such minor is a member; and the Secretary of the Treasury is authorized and directed to allow interest on such unpaid amounts belonging to said minors as shall be certified by the Secretary of the Interior as entitled to draw interest under this section.
(June 21, 1906, ch. 3504, 34 Stat. 327.)
U.S. Encyclopedia of Law Coverage
25-U.S.C.-398E in the Legal Encyclopedia: Indians
In this entry about 25-U.S.C.-398E, find legal reference material, bibliographies and premiere content related to indians in the American Encyclopedia of Law, presenting a comprehensive view of the United States indians-specific issues, written by authorities in the field.
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