25 U.S.C. · Indians
25 U.S.C. § 411

Interest on moneys from proceeds of sale

Ch. 12 — LEASE, SALE, OR SURRENDER OF ALLOTTED OR UNALLOTTED LANDS
Title 25 U.S.C. ● ACTIVE Primary Source Ch. 12
Statutory Text

25 U.S.C. § 411 — Interest on moneys from proceeds of sale

U.S.C. Title 25 - INDIANS 25 U.S.C. United States Code, 2023 Edition Title 25 - INDIANS CHAPTER 12 - LEASE, SALE, OR SURRENDER OF ALLOTTED OR UNALLOTTED LANDS Sec. 411 - Interest on moneys from proceeds of sale From the U.S. Government Publishing Office, www.gpo.gov

§411. Interest on moneys from proceeds of sale

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.)

Source: uscode.house.gov — public domain Official Source ↗
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25 U.S.C. § 411
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The statutory text of 25 U.S.C. § 411 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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