Settlement Trust
Defined in 2 places across 2 titles of the United States Code.
“Settlement Trust” means a trust—
(1) established and registered by a Native Corporation under the laws of the State of Alaska pursuant to a resolution of its shareholders, and
(2) operated for the benefit of shareholders, Natives, and descendants of Natives, in accordance with section 1629e of this title and the laws of the State of Alaska.
Source
- 2000–present43 U.S.C. § 1602Public Lands · Definitions · for the purposes of this chapter
“Settlement Trust” means a trust—
(1) established and registered by a Native Corporation under the laws of the State of Alaska pursuant to a resolution of its shareholders, and
(2) operated for the sole benefit of the holders of the corporation's Settlement Common Stock in accordance with section 1629e of this title and the laws of the State of Alaska.
Source
- 1994–200043 U.S.C. § 1602Public Lands · Definitions · for the purposes of this chapter
The term “Settlement Trust” means a trust that constitutes a settlement trust under section 3(t) of the Alaska Native Claims Settlement Act (43 U.S.C. 1602(t)).
Source
- 2001–present26 U.S.C. § 646Internal Revenue Code · Tax treatment of electing Alaska Native Settlement Trusts · for purposes of this section