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U.S. Code as of:
01/19/04
Section 1013. Distribution; persons entitled; considerations; tax exemption
The Secretary shall distribute shares payable to living persons
enrolled pursuant to section 1011 of this title and shares payable
to the heirs or legatees of deceased persons enrolled pursuant to
section 1011 of this title according to rules and regulations which
he shall prescribe, taking into account that in some instances a
planned individual or group program for the use of shares may more
properly serve the long-term interest of the enrollees than would
direct, unsupervised per capita payment. The funds so distributed
shall not be subject to Federal or State income tax.
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