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An Act to appropriate the proceeds of the sales of the public lands, and to grant pre-emption rights.
The Preemption Act of 1841 provided that certain states were to be paid 10 percent on net proceeds of sales of public lands while establishing the requirements and procedures for obtaining 160 acres of public lands. Limitations and exceptions: No person was entitled to more than one pre-emptive right, no person who owned 320 acres in any State or Territory, and no person who quit or abandon his residence on his own land to reside on public land in the same State or Territory could acquire any right of pre-emption under the Act.
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"1841, September 4 - 5 Stat. 453 - Preemption Act of 1841" (2016). US Government Legislation and Statutes. 8.