36 USC 23112 - 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 distributed as provided by the board of trustees, but consistent with the purposes of the corporation and in compliance with the charter and bylaws.

(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1314.)

Historical and Revision Notes
Revised

Section

Source (U.S. Code)Source (Statutes at Large)
23112 36:4316. July 14, 1964, Pub. L. 88–372, §16, 78 Stat. 318.

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Last modified: October 26, 2015