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Let the allottee then hold his lot upon the conditions which we have mentioned.
No individual allottee is allowed to have more than 50% of the total amount issued.
First, it would protect the allottee from immediately having to pay state taxes.
However, no single allottee shall be allotted more than 50 per cent of the aggregate issue size.
These 'competent' allotees would have their land taken out of trust status, subject to taxation, and could be sold by the allottee.
The community is named for O-no-bi-a, Choctaw Indian land allottee.
The Secretary of Interior could force the Indian Allottee to accept title for land.
You must send a copy of the individual valuation report to the proposed allottee for the share(s) and to Companies House when registering the Form SH01.
Only when the allottee or the ultimate person to whom his allotment has been renounced, has been entered on the register will anyone became a shareholder and member.
Ms. West-an original Choctaw Indian allottee- was a gifted writer and trained journalist who collected historical information for decades before compiling and publishing it.
Once settled, the allottee is urged to make regular payments into a neighbourhood account, so that the provision of infrastructure can be financed, once sufficient funds have been accumulated.
It took its name from nearby Johns Valley, which had been named for Henry A. Johns, a Choctaw Indian land allottee.
His mother, Bessie, an Osage allottee, was a member of the prominent Tinker family, whose history Burns chronicled in his 1980 book, Turn of the Wheel.
Although this act gives power to the allottee to decide whether to keep or sell the land, provided the harsh economic reality of the time, lack of access to credit and markets, liquidation of Indian lands was almost inevitable.
Meanwhile, ushr is collected on compulsory basis at a rate of 5 percent of the produce from every land owner, grantee, allottee, lessee, lease-holder or land-holder (except the one excluded from the definition of sahib-e-nisab).
Section 103(1) provides that a public company must not allot shares for a non-cash consideration unless the consideration has been independently valued under CA 1985, s108, and a copy of the report has been sent to the allottee.
Printed on the back of the letter there will be forms enabling the allottee to renounce, and the person to whom they are ultimately renounced to confirm that he accepts the renunciation and agrees to be entered on the register.
The process of allotment started with the General Allotment Act of 1887, and by 1934, two thirds of Indian land had converted to traditional private ownership (i.e. it was owned in fee simple) and most of that had been sold by its Indian allottee.
Shares allotted following the exercise of an option will rank pari passu with the then issued shares of the same class of the Company (except that they will not rank for any dividend or other right having a record date prior to the allottee's entry on the Company's register of members).