Code of Federal Regulations · Section
§ 30.271 — How Must The Tribe Pay For The Interests It Purchases?
43 C.F.R. § 30.271
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(a) A tribe must pay the full fair market value of the interests purchased, as set forth in the appraisal or other valuation report, or as determined after hearing under § 30.268, whichever is applicable.
(b) Payment must be made within 2 years from the date of decedent's death or within 1 year from the date of notice of purchase, whichever is later.
Authorizing Statute
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Regulations by President25 U.S.C. § 9
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Transferred43 U.S.C. § 1201
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Departmental regulations5 U.S.C. § 301