FEDERAL · 43 U.S.C. · Chapter 33
Assignments by Regional Corporations of rights to receive payments from Fund
Current through Pub. L. 119-102
(a)Recognition by Secretary; scope of recognition
Notwithstanding the provision of section 3727 of title 31, the Secretary is authorized to recognize validly executed assignments made by Regional Corporations of their rights to receive payments from the Alaska Native Fund. Such assignments shall only be recognized to the extent that the Regional Corporation involved is not required to distribute funds pursuant to subsection (j) or (m) of section 1606 of this title.
(b)Nonrecognition by Secretary
The Secretary shall not recognize any assignment under this section which does not provide that the United States reserves the right to assert against the assignee and successors of the assignee, any setoff or counterclaim which the United States has against the assignor Corporation.
(c)Claims a
Free access — add to your briefcase to read the full text and ask questions with AI
43 U.S.C. § 1628 (Assignments by Regional Corporations of rights to receive payments from Fund) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Dominion Resources, Inc. v. United States
641 F.3d 1359 (Federal Circuit, 2011)
Source Credit
History
(Pub. L. 92–203, §31, as added Pub. L. 95–178, §4, Nov. 15, 1977, 91 Stat. 1370.)
Editorial Notes
Editorial Notes
Codification
In subsec. (a), "section 3727 of title 31" substituted for "section 3477 of the Revised Statutes, as amended (31 U.S.C. 203)" on authority of Pub. L. 97–258, §4(b), Sept. 13, 1982, 96 Stat. 1067, the first section of which enacted Title 31, Money and Finance.
Codification
In subsec. (a), "section 3727 of title 31" substituted for "section 3477 of the Revised Statutes, as amended (31 U.S.C. 203)" on authority of Pub. L. 97–258, §4(b), Sept. 13, 1982, 96 Stat. 1067, the first section of which enacted Title 31, Money and Finance.