Volume 76 · 598
Public Law 87–698
To amend the Act of August 27, 1954 (68 Stat. 868) with respect to the Uintah and Ouray Reservation in Utah.
Approved September 25, 1962
Statutory text
AN ACT
To amend the Act of August 27, 1954 (68 Stat. 868) with respect to the Uintah and Ouray Reservation in Utah.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
That section 10 of
Indians.
Uintah and Ouray Reservation, Utah.
Stock.
the Act of August 27, 1954 (68 Stat. 868) is amended by adding at the end thereof the following:
“The stock of any corporation organized by the mixed-blood group for the purpose of empowering the officers of such corporation to act as the authorized representatives of said mixed-blood group in the joint management with the tribe and in the distribution and unadjudicated or unliquidated claims against the United States, all gas, oil, and mineral rights of every kind, and all other assets not susceptible to equitable and practicable distribution shall not be subject to mortgage, pledge, hypothecation, levy, execution, attachment or other similar process, while such stock remains in the ownership of the original stockholder or his heirs or legatees, but the interest of stockholders in any distribution by such corporation shall be subject to the usual processes of the law.”
Approved September 25, 1962.