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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 25 U.S.C. § 1545 Livestock loans; cash settlements us united_states_code code_section 25 INDIANS 17 FINANCING ECONOMIC DEVELOPMENT OF INDIANS AND INDIAN ORGANIZATIONS 1545 25 U.S.C. § 1545 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc25@119-100.zip /us/usc/t25/s1545 data/legal/raw/us/code/title-25/usc25.xml 670b427e2c24b07a3bc0de22cce774b639941fd1705e6df0cba00c21d3179156 d4661d83bff6862be548ac8e843ba61e942ed983aade7cf83cb7dbc3dcd08168 58b9bebe25b338be1291c6c73a8722986e26f5d6854681273c411efbf11899ad 2026-07-04 official
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25 U.S.C. § 1545 - Livestock loans; cash settlements

Text

All acceptances of cash settlements by the Commissioner of Indian Affairs for livestock lent by the United States to any individual Indian, or to any tribe, association, corporation, or other group of Indians, and all sales and relending of livestock repaid in kind to the United States on account of such loans are authorized and ratified: Provided, That on and after May 24, 1950, the value of such livestock for the purposes of any such cash settlement shall be based on prevailing market prices in the area and shall be ascertained by a committee composed of three members, one of whom shall be selected by the superintendent of the particular agency, one of whom shall be selected by the chairman of the tribal council, and one of whom shall be selected by the other two members.

(May 24, 1950, ch. 197, § 1, 64 Stat. 190.)

Notes

Editorial Notes

Codification Section was enacted as part of act May 24, 1950, ch. 197, and not as part of the Indian Financing Act of 1974 which comprises this chapter. Section was formerly classified to section 442 of this title prior to editorial reclassification and renumbering as this section.