An alienation of land or an interest in land in violation of this paragraph shall be void ab initio and shall not be given effect by any court.
Only a natural person shall be appointed a trustee of a Settlement Trust. An appointment or removal of a trustee in violation of this paragraph shall be void ab initio and shall not be given effect by any court.
The revenue, if any, from such timber harvests shall be subject to section 1606(i) of this title as if such conveyance had not occurred.
the assets so conveyed to the Settlement Trust shall not be subject to attachment, distraint, or sale on execution of judgment or other process or order of any court, except with respect to the lawful debts or obligations of the Settlement Trust.
43 U.S.C. § 1629e
EDITORIAL NOTES
AMENDMENTS2006-Subsec. (a)(3)(B). Pub. L. 109-221, §101(b)(1), made technical correction to directory language of Pub. L. 108-7, §337(b). See 2003 Amendment note below. Subsec. (a)(3)(B)(ii). Pub. L. 109-221, §101(b)(2), substituted "section 1629b(a)(4) of this title" for "(a)(4) of section 1629b of this title".2003-Subsec. (a)(3)(B). Pub. L. 108-7, §337(b), as amended by Pub. L. 109-221, §101(b)(1), added subpar. (B) and struck out former subpar. (B) which read as follows: "shall give rise to dissenters rights to the extent provided under the laws of the State only if the rights of beneficiaries in the Settlement Trust receiving a conveyance are inalienable." 2000-Subsec. (c)(8). Pub. L. 106-559 added par. (8).1998-Subsec. (b)(1)(B). Pub. L. 105-333 inserted "or the land is conveyed for a homesite by the Trust to a beneficiary of the Trust who is also a legal resident under Alaska law of the Native village of the settlor corporation and the conveyance does not exceed 1.5 acres" after "settlor corporation".
STATUTORY NOTES AND RELATED SUBSIDIARIES
EFFECTIVE DATE OF 2006 AMENDMENT Amendment by Pub. L. 109-221 effective Feb. 20, 2003, see section 101(c) of Pub. L. 109-221 set out as a note under section 1629b of this title.