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Cobell v. Salazar (previously Cobell v.Kempthorne and Cobell v.Norton and Cobell v.Babbitt) is a class-action lawsuit brought by Elouise Cobell and other Native American representatives in 1996 against two departments of the United States government: the Department of Interior and the Department of the Treasury for mismanagement of Indian trust funds.
Elouise Pepion Cobell, also known as Yellow Bird Woman (November 5, 1945 – October 16, 2011) [1] (Niitsítapi Blackfoot Confederacy), was a tribal elder and activist, banker, rancher, and lead plaintiff in the groundbreaking class-action suit Cobell v.
Indian Trusts Act, 1882 is a law in India relating to private trusts and trustees. The Act defines what would lawfully be called as a trust and who can legally be its ...
A sovereign wealth fund (SWF) is a fund owned by a state (or a political subdivision of a federal state) composed of financial assets such as stocks, bonds, property or other financial instruments. Sovereign wealth funds are entities that manage the national savings for the purposes of investment.
The Bureau of Indian Affairs (BIA), also known as Indian Affairs (IA), [2] is a United States federal agency within the Department of the Interior.It is responsible for implementing federal laws and policies related to Native Americans and Alaska Natives, and administering and managing over 55,700,000 acres (225,000 km 2) of reservations held in trust by the U.S. federal government for ...
The UTI Mutual Fund was carved out of the erstwhile Unit Trust of India (UTI) as a Securities and Exchange Board of India-registered mutual fund on 1 February 2003. UTI Mutual Fund was launched by the Government of India in 1963, and it is one of the oldest mutual fund companies in India.
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For example, one provision of the Act was the establishment of a trust fund, administered by the Bureau of Indian Affairs, to collect and distribute revenues from oil, mineral, timber, and grazing leases on Native American lands. The BIA's alleged improper management of the trust fund resulted in litigation, in particular the case Cobell v