Title 43 — Public LandsRelease 119-73not60
§1628 Assignments by Regional Corporations of Rights to Receive Payments From Fund
Title 43 › Chapter 33— ALASKA NATIVE CLAIMS SETTLEMENT › § 1628
Summary
Secretary may accept transfers by Regional Corporations of Alaska Native Fund payment rights, except when the corporation must distribute funds under subsections (j) or (m) of 1606; accepted transfers must allow the U.S. to assert any setoff or counterclaim against the assignee and successors, and shareholders can't sue.
Full Legal Text
Title 43, §1628
Public Lands — Source: USLM XML via OLRC
(a)Notwithstanding the provision of section 3727 of title 31, the Secretary is authorized to recognize validly executed assignments made by Regional Corporations of their rights to receive payments from the Alaska Native Fund. Such assignments shall only be recognized to the extent that the Regional Corporation involved is not required to distribute funds pursuant to subsection (j) or (m) of section 1606 of this title.
(b)The Secretary shall not recognize any assignment under this section which does not provide that the United States reserves the right to assert against the assignee and successors of the assignee, any setoff or counterclaim which the United States has against the assignor Corporation.
(c)No stockholder of any Regional or Village Corporation shall have any claim against the Secretary or the United States as the result of any assignment duly recognized by the Secretary pursuant to this section.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Codification In subsec. (a), “section 3727 of title 31” substituted for “section 3477 of the Revised Statutes, as amended (31 U.S.C. 203)” on authority of Pub. L. 97–258, § 4(b), Sept. 13, 1982, 96 Stat. 1067, the first section of which enacted Title 31, Money and Finance.
Reference
Citations & Metadata
Citation
43 U.S.C. § 1628
Title 43 — Public Lands
Last Updated
Apr 5, 2026
Release point: 119-73not60