§ 390nn. Trusts
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/usc/title-43/section-390nnA research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)The ownership and full cost pricing limitations of this subchapter and the ownership limitations provided in any other provision of Federal reclamation law shall not apply to lands in a district which are held by an individual or corporate trustee in a fiduciary capacity for a beneficiary or beneficiaries whose interests in the lands served do not exceed the ownership and pricing limitations imposed by Federal reclamation law, including this subchapter.
(b)Lands placed in a revocable trust shall be attributable to the grantor if—
(1)the trust is revocable at the discretion of the grantor and revocation results in the title to such lands reverting either directly or indirectly to the grantor; or
(2)the trust is revoked or terminated by its terms upon the expiration of a specified period of time and the revocation or termination results in the title to such lands reverting either directly or indirectly to the grantor.
(Pub. L. 97–293, title II, § 214, Oct. 12, 1982, 96 Stat. 1270; Pub. L. 100–203, title V, § 5302(b), Dec. 22, 1987, 101 Stat. 1330–269.)
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Cited by 2 sections
statutes-at-large
- Public Law 97–293To authorize the Secretary of the Interior to construct, operate, and maintain modifications of the existing Buffalo Bill Dam and Reservoir, Shoshone project, Pick-Sloan Missouri Basin program, Wyoming, and for other purposes
- Public Law 100–201To authorize the acceptance of a donation of land for addition to Big Bend National Park, in the State of Texas
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- Pub. L. 97–293, title II, § 214
- 96 Stat. 1270
- Pub. L. 100–203, title V, § 5302(b)
- 101 Stat. 1330–269
- Pub. L. 100–203
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§ 390nn
Trusts
Stat.×2
Pub. L.Pub. L. 97–293, title II, § 214
Stat.96 Stat. 1270
Pub. L.Pub. L. 100–203, title V, § 5302(b)
Stat.101 Stat. 1330–269
Pub. L.Pub. L. 100–203
Cites 6Cited by 2 across 1 source