36 USC 150713 - Distribution of Assets on Dissolution or Final Liquidation

On dissolution or final liquidation of the corporation, any assets remaining after the discharge of all liabilities shall be transferred by the board of directors to a recognized agency or agencies engaged in the furtherance and advancement of citizenship.

(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1394.)

Historical and Revision Notes
Revised

Section

Source (U.S. Code)Source (Statutes at Large)
150713 36:445. Aug. 13, 1953, ch. 427, §15, 67 Stat. 565.

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Last modified: October 26, 2015