Sec. 31. **[**[43 U.S.C. 1628](/us/usc/t43/s1628)**]**
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## Sec. 31 **[**[43 U.S.C. 1628](/us/usc/t43/s1628)**]** ###
(a)Notwithstanding the provision of section 3477 of the Revised Statutes, as amended (31 U.S.C. 203), the Secretary is authorized to recognize validly executed assignments made by Regional Corporations of their rights to receive payments from the Alaska Native Fund. Such assignments shall only be recognized to the extent that the Regional Corporation involved is not required to distribute funds pursuant to subsection
(j)or
(m)of section 7 of this Act. ###
(b)The Secretary shall not recognize any assignment under this section which does not provide that the United States reserves the right to assert against the assignee and successors of the assignee, any setoff or counterclaim which the United States has against the assignor Corporation. ###
(c)No stockholder of any Regional or Village Corporation shall have any claim against the Secretary or the United States as the result of any assignment duly recognized by the Secretary pursuant to this section.
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- 31 USC 203
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