2021 US Code
Title 43 - Public Lands
Chapter 12 - Reclamation and Irrigation of Lands by Federal Government
Subchapter I-A - Reclamation Reform
Sec. 390nn - Trusts

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Citation 43 U.S.C. § 390nn (2021)
Section Name §390nn. Trusts
Section Text

(a) The ownership and full cost pricing limitations of this subchapter and the ownership limitations provided in any other provision of Federal reclamation law shall not apply to lands in a district which are held by an individual or corporate trustee in a fiduciary capacity for a beneficiary or beneficiaries whose interests in the lands served do not exceed the ownership and pricing limitations imposed by Federal reclamation law, including this subchapter.

(b) Lands placed in a revocable trust shall be attributable to the grantor if—

(1) the trust is revocable at the discretion of the grantor and revocation results in the title to such lands reverting either directly or indirectly to the grantor; or

(2) the trust is revoked or terminated by its terms upon the expiration of a specified period of time and the revocation or termination results in the title to such lands reverting either directly or indirectly to the grantor.

Source Credit

(Pub. L. 97–293, title II, §214, Oct. 12, 1982, 96 Stat. 1270; Pub. L. 100–203, title V, §5302(b), Dec. 22, 1987, 101 Stat. 1330–269.)


Editorial Notes EDITORIAL NOTES REFERENCES IN TEXT

Federal reclamation law, referred to in subsec. (a), is defined in section 390aa of this title.

AMENDMENTS

1987—Pub. L. 100–203 designated existing provisions as subsec. (a) and added subsec. (b).

Publication Title United States Code, 2018 Edition, Supplement 3, Title 43 - PUBLIC LANDS
Category Bills and Statutes
Collection United States Code
SuDoc Class Number Y 1.2/5:
Contained Within Title 43 - PUBLIC LANDS
CHAPTER 12 - RECLAMATION AND IRRIGATION OF LANDS BY FEDERAL GOVERNMENT
SUBCHAPTER I-A - RECLAMATION REFORM
Sec. 390nn - Trusts
Contains section 390nn
Date 2021
Laws In Effect As Of Date January 3, 2022
Positive Law No
Disposition standard
Statutes at Large References 96 Stat. 1270
101 Stat. 1330-269
Public Law References Public Law 97-293, Public Law 100-203
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