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25 U.S.C. § 163 — Roll of membership of Indian tribes
Federal law — U.S. Code and appendices · legal_authorities
The Secretary of the Interior is authorized, wherever in his discretion such action would be for the best interest of the Indians, to cause a final roll to be made of the membership of any Indian tribe; such rolls shall contain the ages and quantum of Indian blood, and when approved by the said Secretary are declared to constitute the legal membership of the respective tribes for the purpose of segregating the tribal funds as provided in section 162 11 See References in Text note below. of this title, and shall be conclusive both as to ages and quantum of Indian blood: Provided, That the foregoing shall not apply to the Five Civilized Tribes or to the Osage Tribe of Indians, or to the Chippewa Indians of Minnesota, or the Menominee Indians of Wisconsin.
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Source location: Title 25, Chapter 4, § 163; chapter-004-performance-by-united-states-of-obligations-to-indians.md
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The Secretary of the Interior is authorized, wherever in his discretion such action would be for the best interest of the Indians, to cause a final roll to be made of the membership of any Indian tribe; such rolls shall contain the ages and quantum of Indian blood, and when approved by the said Secretary are declared to constitute the legal membership of the respective tribes for the purpose of segregating the tribal funds as provided in section 162 11 See References in Text note below. of this title, and shall be conclusive both as to ages and quantum of Indian blood: Provided, That the foregoing shall not apply to the Five Civilized Tribes or to the Osage Tribe of Indians, or to the Chippewa Indians of Minnesota, or the Menominee Indians of Wisconsin.
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Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
Section, act May 25, 1918, ch. 86, § 28, 40 Stat. 591, related to segregation, deposit, and investment of tribal funds. See [section 162a of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title25-section162a&num=0&edition=prelim).
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Deposit of tribal trust funds in banks** The Secretary of the Interior is hereby authorized in his discretion, and under such rules and regulations as he may prescribe, to withdraw from the United States Treasury and to deposit in banks to be selected by him the common or community funds of any Indian tribe which are, or may hereafter be, held in trust by the United States and on which the United States is not obligated by law to pay interest at higher rates than can be procured from the banks. The said Secretary is also authorized, under such rules and regulations as he may prescribe, to withdraw from the United States Treasury and to deposit in banks to be selected by him the funds held in trust by the United States for the benefit of individual Indians: Provided, That no individual Indian money shall be deposited in any bank until the bank shall have agreed to pay interest thereon at a reasonable rate, subject, however, to the regulations of the Board of Governors of the Federal Reserve System in the case of member banks, and of the Board of Directors of the Federal Deposit Insurance Corporation in the case of insured nonmember banks, except that the payment of interest may be waived in the discretion of the Secretary of the Interior on any deposit which is payable on demand: Provided further, That no tribal or individual Indian money shall be deposited in any bank until the bank shall have furnished an acceptable bond or pledged collateral security therefor in the form of any public-debt obligations of the United States and any bonds, notes, or other obligations which are unconditionally guaranteed as to both interest and principal by the United States, except that no such bond or collateral shall be required to be furnished by any such bank which is entitled
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Federal law — U.S. Code and appendices · legal_authorities
Page 46
TITLE 25—INDIANS
§ 163
1 So in original. Probably should be ‘‘earnings’’.
2 See References in Text note below.
(1) any public-debt obligations of the United
States;
(2) any bonds, notes, or other obligations
which are unconditionally guaranteed as to
both principal and interest by the United
States; or
(3) any obligations which are lawful invest-
ments for trust funds under the authority or
control of the United States.
The Secretary of the Interior is authorized to
use earning 1 from investments under this sub-
section to pay operation and maintenance ex-
penses of the project involved.
(c) Investment of tribal trust funds in public
debt obligations
(1) Notwithstanding subsection (a), the Sec-
retary of the Interior, at the request of any In-
dian tribe, in the case of trust funds of such
tribe, or any individual Indian, in the case of
trust funds of such individual, is authorized to
invest such funds, or any part thereof, in guar-
anteed or public debt obligations of the United
States or in a mutual fund, otherwise known as
an open-ended diversified investment manage-
ment company if—
(A) the portfolio of such mutual fund con-
sists entirely of public-debt obligations of the
United States, or bonds, notes, or other obliga-
tions which are unconditionally guaranteed as
to both interest and principal by the United
States, or a combination thereof;
(B) the trust funds to be invested exceed
$50,000;
(C) the mutual fund is registered by the Se-
curities and Exchange Commission; and
(D) the Secretary is satisfied with respect to
the security and protection provided by the
mutual fund against loss of the principal of
such trust funds.
(2) The Secretary, as a condition to complying
with a request pursuant to paragraph (1) of this
subsecti
Source: Supplied 2024 U.S. Code historical extraction · 25 U.S.C. § 163
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