Segregated trust funds definition

Segregated trust funds means those moneys held in the United States Treasury at interest to the credit of an Indian which represent pro rata shares of the segregation of tribal trust funds and the proceeds of the partition of re- stricted lands.§ 117.2 Payment of taxes of adult Indi- ans.The superintendent may cause to be paid out of any money heretofore ac- crued or hereafter accruing to the cred- it of any adult Indian all taxes of every kind and character for which such In- dian is or may be liable before paying to or for such person any funds as re- 25 CFR Ch. I (4–1–14 Edition)quired by law. All checks in payment of taxes shall be made payable to the proper collector. For the purpose of es- tablishing a fund with which to meet the payment of such taxes when due, the Superintendent may cause the funds of an adult Indian to be hypoth- ecated in the following manner:(a) For the payment of ad valorem taxes, one-fourth of the estimated amount ad valorem taxes from each quarterly payment unless this proce- dure would cause the obligation of more than 25 percent of such quarterly payments, in which event the nec- essary additional funds shall be re- tained from other allowance funds pay- able to such person under the law. If there be no other allowance funds available, or if the funds from these sources are insufficient, one-fourth of the estimated amount of such ad valo- rem taxes may be obligated from each quarterly payment. If an Indian who is liable for ad valorem taxes has no al- lowance funds, or such funds are insuf- ficient for the payment thereof, surplus funds may be used for such payment.(b)(1) For the payment of income taxes, one-half of the estimated amount of income taxes from each semi-annual payment of interest on de- posits, but if such interest payments are insufficient to meet this obliga- tion, additional funds shall be retained from interest on investments, rentals, or other allowance funds.(2) Whenever funds are withheld for the purpose of establishing a fund to meet the payment of taxes, the Indian shall be notified of the action taken. § 117.3 Payment of taxes of Indians under 21 years of age.All taxes assessed against the re- stricted lands of Indians less than 21 years of age shall be paid by the super- intendent direct to the collector from the rents and income derived from such lands, and the balance, if any, of such rents and income shall be paid to the living parents or parent. If the parents are separated, the balance shall be paid to the parent havi...
Sample 1
Segregated trust funds means those moneys held in the United States Treasury at interest to the credit of an Indian which represent pro rata shares of the segregation of tribal trust funds and the proceeds of the partition of re- stricted lands.
Sample 1

Related to Segregated trust funds

  • Trust Funds means any cash comprised of (i) funds specifically and exclusively used for payroll Taxes, payroll and other employee benefit payments to or for the benefit of any Loan Party’s or its Subsidiaries’ employees, (ii) all Taxes required to be collected, remitted or withheld (including, without limitation, federal and state withholding taxes (including the employer’s share thereof) and (iii) any other funds (A) which any Loan Party holds on behalf of another Person and (B) which such Loan Party holds as an escrow or fiduciary for such Person.

  • Trust Fund The trust fund established by the Trust Agreement, the assets of which consist of the Mortgage Loans and any other assets as set forth therein. Trustee: U.S. Bank National Association, or any successor in interest, or if any successor trustee or co-trustee shall be appointed as provided in the Trust Agreement, then such successor trustee or such co-trustee, as the case may be.

  • Segregated funds means the amount of benefits that would

  • Segregated Account means a client bank account as defined by and held in accordance with the Applicable Regulations.

  • the Trust Fund means the Bond(s) referred to in the First Schedule to the Declaration of Trust and the property from time to time representing the same (and also includes any other property which may become Trust Property as a result of any loan to the Trustees or any addition by way of gift or any accumulation of income).

  • Segregated ballast means the ballast water introduced into a tank which is completely separated from the cargo oil and oil fuel system and which is permanently allocated to the carriage of ballast or to the carriage of ballast or cargoes other than oil or noxious substances as variously defined in the Annexes of the present Convention.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Separate Accounts means the accounts which are to be prepared for each

  • Grantor Trust means a Trust other than a RIC.

  • Note A-1 Trust Fund means the trust formed pursuant to the Note A-1 PSA.

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • Interest Collection Subaccount The meaning specified in Section 10.2(a).

  • Trust Accounts has the meaning assigned thereto in Section 5.1.

  • Property Trustee Account has the meaning set forth in Section 3.8(c).

  • Servicer Account means any account established by Servicer in connection with the servicing of the Mortgage Loans.

  • Certificate Account The account maintained by the Trustee in accordance with the provisions of Section 4.04.

  • Custodial Accounts Each Custodial Account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Servicing Agreement with respect to the Mortgage Loans.

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Trust Assets means, with respect to the Appointments and to the extent held, deposited or invested by any Seller for the benefit of others (whether or not constituting all or a portion of the corpus of any trust) as collateral, trust assets or otherwise by the applicable Corporate Trust Contracts or any other applicable legal obligation, (a) all cash on hand or held in bank accounts (including the Deposits) or in money market funds, and (b) all shares, stock, bonds, debentures, notes, mortgages, guarantees, letters of credit, certificates of indebtedness, warrants, treasuries or other securities or financial instruments or property of any type or description.

  • Administrative fund means that Fund established by Section 6.1 and administered pursuant to Section 6.9.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Master Servicer Collection Account The trust account or accounts created and maintained pursuant to Section 4.02, which shall be denominated "Xxxxx Fargo Bank, N.A. as Master Servicer for HSBC Bank USA, National Association, as Trustee f/b/o holders of Xxxxxxx Xxxxx Mortgage Investors, Inc., Mortgage Pass-Through Certificates, MANA Series 2007-OAR4 - Master Servicer Collection Account." The Master Servicer Collection Account shall be an Eligible Account.