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U.S. Code as of:
01/19/04
Section 672. Division of trust funds; ratification of resolution; crediting of shares; release of United States from liability in certain cases
The Secretary of the Interior is authorized and directed to
divide the trust funds belonging to the Confederated Bands of Ute
Indians and deposited in the United States Treasury pursuant to
section 399 of this title, section 315j of title 43, and the Act of
June 28, 1938 (52 Stat. 1211), as amended, including the interest
thereon, by crediting 60 per centum to the Ute Indian Tribe of the
Uintah and Ouray Reservation, consisting of the Uintah,
Uncompahgre, and White River Utes, and 40 per centum to the
Southern Utes, consisting of the Southern Utes of the Southern Ute
Reservation and the Ute Mountain Tribe of the Ute Mountain
Reservation. The resolution adopted June 1, 1950, by the members of
the Uncompahgre, White River, and Uintah bands of Ute Indians
compromising and settling all existing controversies between
themselves as to ownership and distribution of any judgments which
may be obtained against the United States and as to ownership of
land within the Uintah and Ouray Reservation and income issuing
therefrom by providing that the same shall become the tribal
property of all the Indians of the Ute Indian Tribe of the Uintah
and Ouray Reservation without regard to band derivation is
ratified, approved and confirmed. The funds apportioned to the
Southern Utes under this section shall be divided between the
Southern Utes of the Southern Ute Reservation and the Ute Mountain
Tribe of the Ute Mountain Reservation as agreed between said
tribes. The shares of the respective groups shall be credited to
the existing accounts established pursuant to sections 155 and 161a
to 161d of this title. None of the funds involved herein shall be
credited or distributed to the Ute Indian Tribe of the Uintah and
Ouray Reservation, consisting of the Uintah, Uncompahgre, and White
Rivers Utes, until the Uncompahgre and White River Banks present to
the Secretary of the Interior a release satisfactory to him,
relieving the United States of any liability resulting from the
inclusion of the Uintah Band in the disposition or use of said
trust funds.
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