§ 117.15. Collections from insurance companies.
85 words·~1 min read·
/us/cfr/t25/s§ 117.15·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Moneys collected from insurance companies for loss or damage to restricted real or personal property shall be deposited to the credit of the Indian owner as surplus funds. Moneys so deposited to the credit of an adult Indian may, upon the written application of the Indian, be disbursed by the superintendent for the purpose of repairing or replacing the property. Moneys collected from insurance companies for loss or damage to unrestricted real or personal property shall be paid to the Indian for his unrestricted use.