C.F.R. » Title 25 » CHAPTER I—BUREAU OF INDIAN AFFAIRS, DEPARTMENT OF THE INTERIOR › SUBCHAPTER H—LAND AND WATER › PART 179—LIFE ESTATES AND FUTURE INTERESTS › Subpart C—Life Estates Created Under AIPRA

25 C.F.R. § 179.201

How does the Secretary distribute principal and income to the holder of a life estate without regard to waste?

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The Secretary must distribute all income, including bonuses and royalties, to the life estate holder to the exclusion of any holders of remainder interests.

Notes of Decisions
Cited in 1 case (1 in the last 5 years), 2021–2021 · leading case: Fredericks v. United States Dep't of the Interior (D.D.C. 2021).
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Fredericks v. United States Dep't of the Interior (D.D.C. 2021). “at 4 (citing 25 C.F.R. § 179.201 ).) Accordingly, the Regional Director concluded, “upon the exhaustion of all administrative and judicial proceedings,” the “past income” from the Oil and Gas Lease “should be properly distributed to Judy Fredericks, with any future income also…”
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