25 C.F.R. § 115.813 Is there a limit to the amount of trust funds OTFM will disburse from a tribal trust account?
Title 25 - Indians
OTFM will only disburse the available balance of the trust funds in a tribal trust account in accordance with a use and distribution plan, if applicable, and will not overdraw a tribal trust account. If a tribe's trust funds are invested in securities that have not matured, OTFM will only sell the asset to make cash available to the tribe if: (a) There are no restrictions against the sale, and (b) A tribe provides OTFM with a tribal resolution stating that: (1) The security must be sold; (2) The tribe acknowledges that they may incur a penalty when the security is sold; and (3) The tribe acknowledges that the security may lose value if it is sold prior to maturity.
Title 25: Indians
PART 115—TRUST FUNDS FOR TRIBES AND INDIVIDUAL INDIANS
Subpart G—Tribal Accounts
Investing and Managing Tribal Trust Funds
§ 115.813 Is there a limit to the amount of trust funds OTFM will disburse from a tribal trust account?
