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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 43 U.S.C. § 1628 Assignments by Regional Corporations of rights to receive payments from Fund us united_states_code code_section 43 PUBLIC LANDS 33 ALASKA NATIVE CLAIMS SETTLEMENT 1628 43 U.S.C. § 1628 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc43@119-100.zip /us/usc/t43/s1628 data/legal/raw/us/code/title-43/usc43.xml 6c36c774627035a6c2b9396f05ee9853c5ff7a2238915724f3564fe1b0784e88 d46a16361aa9d10bbc4b27ea0561882d240801c965a2700a4b7cf5f02f552a5f 61b745cdcf8bcf9bb7632a6eafbf68bbcd5dc84e81e41b0fd13f724e6c7402da 2026-07-04 official
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43 U.S.C. § 1628 - Assignments by Regional Corporations of rights to receive payments from Fund

Text

(a) Recognition by Secretary; scope of recognition Notwithstanding the provision of section 3727 of title 31, the Secretary is authorized to recognize validly executed assignments made by Regional Corporations of their rights to receive payments from the Alaska Native Fund. Such assignments shall only be recognized to the extent that the Regional Corporation involved is not required to distribute funds pursuant to subsection (j) or (m) of section 1606 of this title.

(b) Nonrecognition by Secretary The Secretary shall not recognize any assignment under this section which does not provide that the United States reserves the right to assert against the assignee and successors of the assignee, any setoff or counterclaim which the United States has against the assignor Corporation.

(c) Claims against Secretary by stockholders of Regional or Village Corporation for recognition of assignment No stockholder of any Regional or Village Corporation shall have any claim against the Secretary or the United States as the result of any assignment duly recognized by the Secretary pursuant to this section.

(Pub. L. 92203, § 31, as added Pub. L. 95178, § 4, Nov. 15, 1977, 91 Stat. 1370.)

Notes

Editorial Notes

Codification In subsec. (a), “section 3727 of title 31” substituted for “section 3477 of the Revised Statutes, as amended (31 U.S.C. 203)” on authority of Pub. L. 97258, § 4(b), Sept. 13, 1982, 96 Stat. 1067, the first section of which enacted Title 31, Money and Finance.