25 U.S.C. § 5124 — Incorporation of Indian tribes; charter; ratification by election
submitted 92 years ago by ch. 576 to r/title-25-INDIANS · 150 words · no verdicts yet
This section sets rules about incorporation of indian tribes; charter; ratification by election. It states the duties, permissions, conditions, exceptions, and limits that apply under this section.
The Secretary* of the Interior may, upon petition by any tribe, issue a charter of incorporation to that tribe: Provided, That that charter must not become operative until ratified by the governing body of that tribe. Such charter may convey to the incorporated tribe the power to purchase, take by gift, or bequest, or otherwise, own, hold, manage, operate, and dispose of property of every description, real and personal, including the power to purchase restricted Indian lands and to issue in exchange therefor interests in corporate property, and that further powers as may be incidental to the conduct of corporate business, not inconsistent with law; but no authority must be granted to sell, mortgage, or lease for a period exceeding twenty-five years any trust or restricted lands included in the limits of the reservation. Any charter so issued must not be revoked or surrendered except by Act of Congress.
The Secretary* of the Interior may, upon petition by any tribe, issue a charter of incorporation to such tribe: Provided, That such charter shall not become operative until ratified by the governing body of such tribe. Such charter may convey to the incorporated tribe the power to purchase, take by gift, or bequest, or otherwise, own, hold, manage, operate, and dispose of property of every description, real and personal, including the power to purchase restricted Indian lands and to issue in exchange therefor interests in corporate property, and such further powers as may be incidental to the conduct of corporate business, not inconsistent with law; but no authority shall be granted to sell, mortgage, or lease for a period exceeding twenty-five years any trust or restricted lands included in the limits of the reservation. Any charter so issued shall not be revoked or surrendered except by Act of Congress.
Source credit: (June 18, 1934, ch. 576, § 17, 48 Stat. 988; Pub. L. 101–301, § 3(c), May 24, 1990, 104 Stat. 207.)
- 1934Enacted · Act of June 18, 1934, ch. 576 · 48 Stat. 988
- 1990Amended · Pub. L. 101-301 · 104 Stat. 207
A history note hasn’t been published yet. The record shows enactment by ch. 576 on 1934-06-18.
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