§ 490. — Tribal rights and privileges in connection with loans.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 25USC490]
TITLE 25--INDIANS
CHAPTER 14--MISCELLANEOUS
SUBCHAPTER V--PROTECTION OF INDIANS AND CONSERVATION OF RESOURCES
Sec. 490. Tribal rights and privileges in connection with loans
A tribe or tribal corporation to which a loan is made or insured
pursuant to sections 488 to 494 of this title (1) may waive in writing
any immunity from suit or liability which it may possess, (2) may
mortgage or otherwise hypothecate trust or restricted property if (a)
authorized by its constitution or charter or by a tribal referendum, and
(b) approved by the Secretary of the Interior, and (3) shall comply with
rules and regulations prescribed by the Secretary of Agriculture in
connection with such loans.
(Pub. L. 91-229, Sec. 3, Apr. 11, 1970, 84 Stat. 120.)
Section Referred to in Other Sections
This section is referred to in sections 488, 489, 491, 492, 493, 494
of this title; title 7 section 1985.
