36 USC 20111 - Use of Assets on Dissolution or Final Liquidation

On dissolution or final liquidation of the corporation, any assets of the corporation remaining after the discharge of all liabilities shall be distributed as provided by the board of governors, but in compliance with the charter and bylaws.

(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1286.)

Historical and Revision Notes
Revised

Section

Source (U.S. Code)Source (Statutes at Large)
20111 36:985. Aug. 31, 1960, Pub. L. 86–680, §15, 74 Stat. 577.

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Last modified: October 26, 2015