43 U.S.C. § 390nn — Trusts

FEDERAL · 43 U.S.C. · Chapter 12

Trusts

43 U.S.C. § 390nn

Chapter12 — RECLAMATION AND IRRIGATION OF LANDS BY FEDERAL GOVERNMENT

SubchapterI

Current throughPub. L. 119-99

This text of 43 U.S.C. § 390nn (Trusts) 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

43 U.S.C. § 390nn.

Text

(a)The ownership and full cost pricing limitations of this subchapter and the ownership limitations provided in any other provision of Federal reclamation law shall not apply to lands in a district which are held by an individual or corporate trustee in a fiduciary capacity for a beneficiary or beneficiaries whose interests in the lands served do not exceed the ownership and pricing limitations imposed by Federal reclamation law, including this subchapter.

(b)Lands placed in a revocable trust shall be attributable to the grantor if—

(1)the trust is revocable at the discretion of the grantor and revocation results in the title to such lands reverting either directly or indirectly to the grantor; or

(2)the trust is revoked or terminated by its terms upon the expiration of a specified per

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(a) The ownership and full cost pricing limitations of this subchapter and the ownership limitations provided in any other provision of Federal reclamation law shall not apply to lands in a district which are held by an individual or corporate trustee in a fiduciary capacity for a beneficiary or beneficiaries whose interests in the lands served do not exceed the ownership and pricing limitations imposed by Federal reclamation law, including this subchapter.
(b) Lands placed in a revocable trust shall be attributable to the grantor if—
(1) the trust is revocable at the discretion of the grantor and revocation results in the title to such lands reverting either directly or indirectly to the grantor; or
(2) the trust is revoked or terminated by its terms upon the expiration of a specified period of time and the revocation or termination results in the title to such lands reverting either directly or indirectly to the grantor.

Source Credit

History

(Pub. L. 97–293, title II, §214, Oct. 12, 1982, 96 Stat. 1270; Pub. L. 100–203, title V, §5302(b), Dec. 22, 1987, 101 Stat. 1330–269.)

Editorial Notes

Editorial Notes

References in Text
Federal reclamation law, referred to in subsec. (a), is defined in section 390aa of this title.

Amendments
1987—Pub. L. 100–203 designated existing provisions as subsec. (a) and added subsec. (b).

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Bluebook (online)

43 U.S.C. § 390nn, Counsel Stack Legal Research, https://law.counselstack.com/usc/43/390nn.