Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 43 - Public Lands: Interior |
Subtitle A - Office of the Secretary of the Interior |
Part 30 - Indian Probate Hearings Procedures |
Subpart L - Tribal Purchase of Interests Under Special Statutes |
§ 30.271 - How must the tribe pay for the interests it purchases?
Latest version.
-
§ 30.271 How must the tribe pay for the interests it purchases?
(a) A tribe must pay the full fair market value of the interests purchased, as set forth in the appraisal or other valuation report, or as determined after hearing under § 30.268, whichever is applicable.
(b) Payment must be made within 2 years from the date of decedent's death or within 1 year from the date of notice of purchase, whichever is later.