25-U.S.C.-1013

25-U.S.C.-1013

§1013 – Distribution; Persons Entitled; Considerations; Tax Exemption

Pathway

Title 25 > Chapter 14 > Subchapter XLVIII > Section 1013

Details

  • Reference: Section 1013
  • Legend: §1013 – Distribution; Persons Entitled; Considerations; Tax Exemption
  • USCode Year: 2013

Provision Content

The Secretary shall distribute shares payable to living persons enrolled pursuant to section 1011 of this title and shares payable to the heirs or legatees of deceased persons enrolled pursuant to section 1011 of this title according to rules and regulations which he shall prescribe, taking into account that in some instances a planned individual or group program for the use of shares may more properly serve the long-term interest of the enrollees than would direct, unsupervised per capita payment. The funds so distributed shall not be subject to Federal or State income tax.

(Pub. L. 88–464, §3, Aug. 20, 1964, 78 Stat. 563.)

U.S. Encyclopedia of Law Coverage

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Subchapter XLV – Omaha Tribe: Distribution of Judgment Fund in the Legal Encyclopedia: Distribution of Judgment Fund

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