2014 US Code
Title 25 - Indians (Sections 1 - 4307)
Chapter 12 - Lease, Sale, or Surrender of Allotted or Unallotted Lands (Sections 391 - 416j)
Sec. 411 - Interest on moneys from proceeds of sale
| Publication Title | United States Code, 2012 Edition, Supplement 2, Title 25 - INDIANS |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 25 - INDIANS CHAPTER 12 - LEASE, SALE, OR SURRENDER OF ALLOTTED OR UNALLOTTED LANDS Sec. 411 - Interest on moneys from proceeds of sale |
| Contains | section 411 |
| Date | 2014 |
| Laws In Effect As Of Date | January 5, 2015 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | June 21, 1906, ch. 3504, 34 Stat. 327. |
| Statutes at Large Reference | 34 Stat. 327 |
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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.)
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