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Who is entitled to a payment from the Cobell settlement?

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Quick Answer

The Cobell Settlement provides payments to people who had an open Individual Indian Money account between 1994 and 2009, according to the U.S. Department of the Interior. Some tribal landowners are also entitled to a payout, including those whose property was designated by the government as in trust or restricted.

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Full Answer

The starting date for the IIM account qualification is October 25, 1994, states the U.S. Department of the Interior. In addition, the account holder must have made a minimum of one cash transaction to be eligible. People who qualify under the landowner requirement are not subject to the IIM account restrictions.

To receive settlement payments, the U.S. Department of the Interior asserts that Cobell Settlement beneficiaries in both groups must have been alive on September 30, 2009.

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