Title 25 — IndiansRelease 119-73not60
§411 Interest on Moneys From Proceeds of Sale
Title 25 › Chapter 12— LEASE, SALE, OR SURRENDER OF ALLOTTED OR UNALLOTTED LANDS › § 411
Summary
Money owed to minor Indians from the sale of ceded or tribal lands that the Secretary of the Interior had held in the U.S. Treasury must earn 3 percent per year, unless provided otherwise. Interest starts when the tribe’s sale proceeds were paid per person, and the Treasury Secretary must pay interest on unpaid sums certified by the Interior Secretary.
Full Legal Text
Title 25, §411
Indians — Source: USLM XML via OLRC
The shares of money due minor Indians as their proportion of the proceeds from the sale of ceded or tribal Indian lands, whenever such shares have been withheld from their parents, legal guardians, or others, and retained in the United States Treasury by direction of the Secretary of the Interior, shall draw interest at the rate of 3 per centum per annum, unless otherwise provided for, from the period when such proceeds have been or shall be distributed per capita among the members of the tribe of which such minor is a member; and the Secretary of the Treasury is authorized and directed to allow interest on such unpaid amounts belonging to said minors as shall be certified by the Secretary of the Interior as entitled to draw interest under this section.
Reference
Citations & Metadata
Citation
25 U.S.C. § 411
Title 25 — Indians
Last Updated
Apr 5, 2026
Release point: 119-73not60