25 U.S.C. § 1545 — Livestock loans; cash settlements

FEDERAL · 25 U.S.C. · Chapter SUBCHAPTER V—MISCELLANEOUS PROVISIONS

Livestock loans; cash settlements

25 U.S.C. § 1545

ChapterSUBCHAPTER V—MISCELLANEOUS PROVISIONS

This text of 25 U.S.C. § 1545 (Livestock loans; cash settlements) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

25 U.S.C. § 1545.

Text

All acceptances of cash settlements by the Commissioner of Indian Affairs for livestock lent by the United States to any individual Indian, or to any tribe, association, corporation, or other group of Indians, and all sales and relending of livestock repaid in kind to the United States on account of such loans are authorized and ratified: Provided, That on and after May 24, 1950, the value of such livestock for the purposes of any such cash settlement shall be based on prevailing market prices in the area and shall be ascertained by a committee composed of three members, one of whom shall be selected by the superintendent of the particular agency, one of whom shall be selected by the chairman of the tribal council, and one of whom shall be selected by the other two members.

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All acceptances of cash settlements by the Commissioner of Indian Affairs for livestock lent by the United States to any individual Indian, or to any tribe, association, corporation, or other group of Indians, and all sales and relending of livestock repaid in kind to the United States on account of such loans are authorized and ratified: Provided, That on and after May 24, 1950, the value of such livestock for the purposes of any such cash settlement shall be based on prevailing market prices in the area and shall be ascertained by a committee composed of three members, one of whom shall be selected by the superintendent of the particular agency, one of whom shall be selected by the chairman of the tribal council, and one of whom shall be selected by the other two members.

Source Credit

History

(May 24, 1950, ch. 197, §1, 64 Stat. 190.)

Editorial Notes

Editorial Notes

Codification
Section was enacted as part of act May 24, 1950, ch. 197, and not as part of the Indian Financing Act of 1974 which comprises this chapter.
Section was formerly classified to section 442 of this title prior to editorial reclassification and renumbering as this section.

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Bluebook (online)

25 U.S.C. § 1545, Counsel Stack Legal Research, https://law.counselstack.com/usc/25/1545.