Code of Federal Regulations · Section
§ 179.201 — How Does The Secretary Distribute Principal And Income To The Holder Of A Life Estate Without Regard To Waste?
25 C.F.R. § 179.201
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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.
Authorizing Statute
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Duties of Commissioner25 U.S.C. § 2