25 U.S.C. § 156
Deposit of funds from sales of lands and property of Five Civilized Tribes
The net receipts from the sales of surplus and unallotted lands and other tribal property belonging to any of the Five Civilized Tribes, after deducting the necessary expense of advertising and sale, may be deposited in national or State banks in the State of Oklahoma in the discretion of the Secretary of the Interior, such depositories to be designated by him under such rules and regulations governing the rate of interest thereon, the time of deposit and withdrawal thereof, and the security therefor, as he may prescribe. The interest accruing on such funds may be used to defray the expense of the per capita payments of such funds.
Notes of Decisions
Cited in 5
cases, 1932–2001 · leading case: Mylan Pharm., Inc. v. Thompson, 139 F. Supp. 2d 1 (D.D.C. 2001).
Mylan Pharm., Inc. v. Thompson, 139 F. Supp. 2d 1 (D.D.C. 2001). “§ 355 and 25 U.S.C. §§ 156 and 271(e). The Hatch-Waxman Act represented Congress’s efforts to strike a compromise between the competing interests of pioneer pharmaceutical companies and generic manufacturers.”
Sneeden v. City of Marion, Ill., 64 F.2d 721 (7th Cir. 1933). “121 , 12 USCA § 192; as to making land and joint stock banks depositories, 39 Stat.”
Berger v. Chase Nat. Bank of City of New York, 105 F.2d 1001 (2d Cir. 1939). “1070 , 25 U.S.C.A. § 156 ); funds of insolvent national banks (Act of Congress May 15, 1916, 39 Stat.”
O'Connor v. Rhodes, 79 F.2d 146 (D.C. Cir. 1935). “1070 , § 17 [25 US CA § 156]), directed that the Secretary of the Interior take from all banks in which any Indian moneys are deposited collateral security, etc.”
Baltimore & O. R. Co. v. Smith, 56 F.2d 799 (3rd Cir. 1932). “1070 , § 17 [25 US CA § 156]) regarding the deposit of Indian moneys, one in 1917 ( 40 Stat.”
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