§ 542. — Limitations on remainder of fund.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 25USC542]
TITLE 25--INDIANS
CHAPTER 14--MISCELLANEOUS
SUBCHAPTER X--KLAMATH TRIBE: DISPOSITION OF CERTAIN TRIBAL FUNDS
Sec. 542. Limitations on remainder of fund
After the segregation provided for in section 541 of this title
shall have been made, the remainder of such judgment fund, including
interest, shall be available for expenditure subject to the following
limitations and conditions:
(a) Repealed. Aug. 13, 1954, ch. 732, Sec. 12, 68 Stat. 721.
(b) Three hundred and seventy-five thousand dollars for immediate
payment in a lump sum of $1,500 to each adult unallotted Indian found to
be entitled to payment in lieu of allotment, as authorized in the Act of
June 1, 1938 (52 Stat. 605) [25 U.S.C. 551 et seq.]: Provided, That the
amount due any minor under the provisions of said subchapter shall be
withheld until he becomes an adult, as herein defined, when it shall be
paid to him in a lump sum from any funds, principal, or interest, on
deposit to the credit of the Klamath Tribe, and section 2 of said Act of
June 1, 1938 [25 U.S.C. 552], is amended accordingly.
(c) Such moneys as shall remain in the principal fund shall be
transferred to and become a part of the capital reserve fund created by
section 530 of this title.
(Aug. 7, 1939, ch. 552, Sec. 2, 53 Stat. 1253; Aug. 13, 1954, ch. 732,
Sec. 12, 68 Stat. 721.)
References in Text
Act of June 1, 1938, referred to in subsec. (b), is act June 1,
1938, ch. 310, 52 Stat. 605, as amended, which is classified generally
to subchapter XI (Sec. 551 et seq.) of this chapter. For complete
classification of this Act to the Code, see Tables.
Amendments
1954--Subsec. (a). Act Aug. 13, 1954, repealed subsec. (a) which
related to transfer of funds.
Effective Date of 1954 Amendment
Section 12 of act Aug. 13, 1954, provided that the amendment made by
that section is effective on the date of the transfer of tribal property
to a trustee, corporation, or other legal entity pursuant to section
564e of this title.
Section Referred to in Other Sections
This section is referred to in section 544 of this title.
