Title 25 — IndiansRelease 119-73
§156 Deposit of funds from sales of lands and property of Five Civilized Tribes
Title 25 › Chapter CHAPTER 4— - PERFORMANCE BY UNITED STATES OF OBLIGATIONS TO INDIANS › Subchapter SUBCHAPTER III— - DEPOSIT, CARE, AND INVESTMENT OF INDIAN MONEYS › § 156
Summary
After sale and advertising costs, net money from selling surplus or unallotted lands and other property of the Five Civilized Tribes may be placed in national or state banks in Oklahoma chosen by the Secretary of the Interior under his rules; the interest earned can be used to pay the costs of making the per-person payments of those funds.
Full Legal Text
Title 25, §156
Indians — Source: USLM XML via OLRC
The net receipts from the sales of surplus and unallotted lands and other tribal property belonging to any of the Five Civilized Tribes, after deducting the necessary expense of advertising and sale, may be deposited in national or State banks in the State of Oklahoma in the discretion of the Secretary of the Interior, such depositories to be designated by him under such rules and regulations governing the rate of interest thereon, the time of deposit and withdrawal thereof, and the security therefor, as he may prescribe. The interest accruing on such funds may be used to defray the expense of the per capita payments of such funds.
Legislative History
Notes & Related Subsidiaries
Executive Documents
Transfer of Functions
For
Transfer of Functions
of other officers, employees, and agencies of Department of the Interior, with certain exceptions, to Secretary of the Interior, with power to delegate, see Reorg. Plan No. 3 of 1950, §§ 1, 2, eff. May 24, 1950, 15 F.R. 3174, 64 Stat. 1262, set out in the Appendix to Title 5, Government Organization and Employees.
Reference
Citations & Metadata
Citation
25 U.S.C. § 156
Title 25 — Indians
Last Updated
Apr 6, 2026
Release point: 119-73