§ 1466. — Land and personal property title.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 25USC1466]
TITLE 25--INDIANS
CHAPTER 17--FINANCING ECONOMIC DEVELOPMENT OF INDIANS AND INDIAN
ORGANIZATIONS
SUBCHAPTER I--INDIAN REVOLVING LOAN FUND
Sec. 1466. Land and personal property title
Title to any land purchased by a tribe or by an individual Indian
with loans made from the revolving loan fund may be taken in trust
unless the land is located outside the boundaries of a reservation or a
tribal consolidation area approved by the Secretary. Title to any land
purchased by a tribe or an individual Indian which is outside the
boundaries of the reservation or approved consolidation area may be
taken in trust if the purchaser was the owner of trust or restricted
interests in the land before the purchase, otherwise title shall be
taken in the name of the purchasers without any restriction on
alienation, control, or use. Title to any personal property purchased
with a loan from the revolving loan fund shall be taken in the name of
the purchaser.
(Pub. L. 93-262, title I, Sec. 106, Apr. 12, 1974, 88 Stat. 78.)
