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.)
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