On dissolution or final liquidation of the corporation, any assets remaining after the discharge of all liabilities shall be distributed as provided by the board of directors, but consistent with the purposes of the corporation and in compliance with the bylaws.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1397.)
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 150912 | 36:4515. | July 14, 1964, Pub. L. 88–376, §15, 78 Stat. 324. |
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Last modified: October 26, 2015