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25 U.S.C. § 161dDisposition of accrued interest

submitted 97 years ago by ch. 178 to r/title-25-INDIANS · 32 words · no verdicts yet

in plain englishAI-generated · not legal advice

Interest earned on tribal funds under sections 161a-161c follows the same rules as the main fund it came from.

This section explains what happens to interest earned on certain tribal funds. The interest that accrues on Indian tribal funds under sections 161a to 161c of this title must be treated the same way existing law already treats the underlying, or "principal," funds it came from. In other words, this section does not create a new rule for the interest — it points to whatever rule already exists for the fund the interest came from.
the actual law source: uscode.house.gov ↗public domain

The interest accruing on Indian tribal funds under sections 161a to 161c of this title shall be subject to the same disposition as prescribed by existing law for the respective principal funds.

Source credit: (Feb. 12, 1929, ch. 178, § 4, as added June 13, 1930, ch. 483, 46 Stat. 584.)

history & why it existsrecord from the source credit
  • 1929Enacted · Act of Feb. 12, 1929, ch. 178 · 46 Stat. 584

A history note hasn’t been published yet. The record shows enactment by ch. 178 on 1929-02-12.

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