§ 442. — Livestock loans; cash settlements.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 25USC442]
TITLE 25--INDIANS
CHAPTER 14--MISCELLANEOUS
SUBCHAPTER I--GENERAL PROVISIONS
Sec. 442. Livestock loans; cash settlements
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.
(May 24, 1950, ch. 197, Sec. 1, 64 Stat. 190.)
Section Referred to in Other Sections
This section is referred to in section 1461 of this title.
