Source: https://www.law.cornell.edu/uscode/text/25/2220
Timestamp: 2017-11-25 04:05:03
Document Index: 633734416

Matched Legal Cases: ['§ 2220', '§ 2220', '§ 2220', '§\u202f2220', '§\u202f221', '§\u202f5', '§\u202f207']

25 U.S. Code § 2220 - Owner-managed interests | US Law | LII / Legal Information Institute
U.S. Code › Title 25 › Chapter 24 › § 2220
25 U.S. Code § 2220 - Owner-managed interests
§ 2220.
Owner-managed interests
(e) Validity of leasesNo lease of trust or restricted interests in a parcel of land that is owner-managed under this section shall be valid or enforceable against the owners of such interests, or against the land, the interest or the United States, unless such lease—
Any person holding, leasing, or otherwise using such interest in land shall be considered to consent to the jurisdiction of the Indian tribe referred to in paragraph (1), including such tribe’s laws and regulations, if any, relating to the use, and any effects associated with the use, of the interest.
Owner-managed status of an interest may be revoked upon written request of the owners (including the parents or legal guardians of minors or incompetent owners) of all trust or restricted interests in the parcel, submitted to the Secretary in accordance with regulations adopted under subsection (l).[1] The revocation shall become effective as of the date on which the last of all such requests has been delivered to the Secretary.
(1) For purposes of subsection (d)(1), the term “qualified applicant” means—
(2) For purposes of this section, the term “owner-managed status” means, with respect to a trust or restricted interest, that—
the interest is a trust or restricted interest in a parcel of land for which applications covering all trust or restricted interests in such parcel have been submitted to and approved by the Secretary pursuant to subsection (d);
no revocation has occurred under subsection (h)(2).
(Pub. L. 97–459, title II, § 221, as added Pub. L. 108–374, § 5, Oct. 27, 2004, 118 Stat. 1795; amended Pub. L. 110–453, title II, § 207(e), Dec. 2, 2008, 122 Stat. 5033.)
2008—Subsec. (a). Pub. L. 110–453 inserted “owner or” before “co-owners”.