25 CFR 217.2 - Authority and purpose.

§ 217.2 Authority and purpose.

In accordance with the Ute Partition Act approved August 27, 1954 ( 68 Stat. 868; 25 U.S.C. 677- 677aa), as amended by the Act of August 2, 1956 ( 70 Stat. 936), and the Act of September 25, 1962 ( 76 Stat. 597), assets shall be managed jointly by the business committee and the board of directors. These regulations set out the procedures for exercising such joint management.