Source: https://www.law.cornell.edu/cfr/text/25/115.425
Timestamp: 2016-02-13 14:13:07
Document Index: 789853146

Matched Legal Cases: ['art 115', '§ 115', '§ 115', '§ 2', '§ 9', '§ 161', '§ 162', '§ 164']

25 CFR 115.425 - What will we do if we find that a distribution plan has not been followed or an individual has acted improperly in regard to his or her duties involving a minor's trust funds? | US Law | LII / Legal Information Institute
CFR › Title 25 › Chapter I › Subchapter G › Part 115 › Subpart C › Section 115.425 25 CFR 115.425 - What will we do if we find that a distribution plan has not been followed or an individual has acted improperly in regard to his or her duties involving a minor's trust funds?
§ 115.425
What will we do if we find that a distribution plan has not been followed or an individual has acted improperly in regard to his or her duties involving a minor's trust funds?
If we find that a distribution plan has not been followed or that a custodial parent, a legal guardian, or the person who has been recognized by the BIA as having control and custody of the minor has failed to satisfactorily account for expenses or has not used the minor's funds for the primary benefit of the minor, we will:
Notify the individual; and
Take action to protect the interests of the minor, which may include:
Referring the matter for civil or criminal legal action;
Demanding repayment from the individual who has improperly expended trust funds or failed to account for the use of trust funds;
Liquidating a bond posted by the legal guardian, where applicable, to recover improperly expended trust funds up to the amount of the bond; or
Immediately modifying the distribution plan for up to sixty days, including suspending the authority of the individual to receive further disbursements.
§ 115.425 What will we do if we find that a distribution plan has not been followed or an individual has acted improperly in regard to his or her duties involving a minor's trust funds?
If we find that a distribution plan has not been followed or that a custodial parent, a legal guardian, or the person who has been recognized by the BIA as having control and custody of the minor has failed to satisfactorily account for expenses or has not used the minor's funds for the primary benefit of the minor, we will: (a) Notify the individual; and (b) Take action to protect the interests of the minor, which may include: (1) Referring the matter for civil or criminal legal action; (2) Demanding repayment from the individual who has improperly expended trust funds or failed to account for the use of trust funds; (3) Liquidating a bond posted by the legal guardian, where applicable, to recover improperly expended trust funds up to the amount of the bond; or (4) Immediately modifying the distribution plan for up to sixty days, including suspending the authority of the individual to receive further disbursements. This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.United States CodeU.S. Code: Title 25 - INDIANS§ 2 - Duties of Commissioner§ 9 - Regulations by President§ 161 - Deposit in Treasury of trust funds§ 162a - Deposit of tribal funds in banks; bond or collateral security; investments; collections from irrigation projects; affirmative action required§ 164 - Restoration to tribal ownership of unclaimed per capita and other individual payments of tribal trust funds; deposit in general fund of the Treasury