
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 25USC502]

 
                            TITLE 25--INDIANS
 
                        CHAPTER 14--MISCELLANEOUS
 
       SUBCHAPTER VIII--INDIANS IN OKLAHOMA: PROMOTION OF WELFARE
 
Sec. 502. Purchase of restricted Indian lands; preference to 
        Secretary of the Interior; waiver of preference
        
    Whenever any restricted Indian land or interests in land, other than 
sales or leases of oil, gas, or other minerals therein, are offered for 
sale, pursuant to the terms of this subchapter or any other Act of 
Congress, the Secretary of the Interior shall have a preference right, 
in his discretion, to purchase the same for or in behalf of any other 
Indian or Indians of the same or any other tribe, at a fair valuation to 
be fixed by the appraisement satisfactory to the Indian owner or owners, 
or if offered for sale at auction said Secretary shall have a preference 
right, in his discretion, to purchase the same for or in behalf of any 
other Indian or Indians by meeting the highest bid otherwise offered 
therefor.
    The preference right of the Secretary to purchase shall be 
considered as waived where notice of the pendency of sale is given in 
writing to the Superintendent of the Five Civilized Tribes for at least 
ten days prior to the date of sale and the Secretary does not within 
that time exercise the preferential right to purchase.

(June 26, 1936, ch. 831, Sec. 2, 49 Stat. 1967; Aug. 4, 1947, ch. 458, 
Sec. 10, 61 Stat. 734.)


                               Amendments

    1947--Act Aug. 4, 1947, provided for waiver of preference by failure 
to purchase after notice.
