Permanent Tribal Right of First Refusal for Real Property Assets.
This law permanently grants Native American Tribes the right to buy back specific real estate assets before they can be sold or transferred to anyone else. If you own such land, you must first offer it to the Tribe before making any sale or gift. This restriction is permanent and applies to all future owners of the property, affecting property transfer rights.
Key points
Tribes gain a permanent right of first refusal (priority purchase right) over specific real property interests previously associated with Tribal assets.
This requirement applies to all transfers (sale, gift) and is permanently attached to the land deed, affecting future owners.
Management of Tribal assets is centralized under the Tribal Business Committee, removing the requirement for joint management with 'mixed-blood groups.'
Expired
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