25 USC 4022 - Voluntary withdrawal from trust funds program

U.S Code last checked for updates: Nov 22, 2024

§ 4022.

Voluntary withdrawal from trust funds program

(a)

In general

(b)

Approval of plan

The Secretary shall approve such plan within 90 days of receipt and when approving the plan, the Secretary shall obtain the advice of the Special Trustee or prior to the appointment of such Special Trustee, the Director of the Office of Trust Fund Management within the Bureau. Such plan shall meet the following conditions:

(1)

Such plan has been approved by the appropriate Indian tribe and is accompanied by a resolution from the tribal governing body approving the plan.

(2)

The Secretary determines such plan to be reasonable after considering all appropriate factors, including (but not limited to) the following:

(A)

The capability and experience of the individuals or institutions that will be managing the trust funds.

(B)

The protection against substantial loss of principal.

(c)

Dissolution of trust responsibility

(Pub. L. 103–412, title II, § 202, Oct. 25, 1994, 108 Stat. 4242.)

cite as: 25 USC 4022