25 CFR 179.201 - How does the Secretary distribute principal and income to the holder of a life estate without regard to waste?

Regulations last checked for updates: May 18, 2024

Title 25 - Indians last revised: Mar 22, 2024

View all text of Subpart C [§ 179.201 - § 179.202]

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

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

authority: 86 Stat. 530; 86 Stat. 744; 94 Stat. 537; 96 Stat. 2515; 25 U.S.C. 2,9,372,373,487,607,and

source: 73 FR 67286, Nov. 13, 2008, unless otherwise noted.

cite as: 25 CFR 179.201