On dissolution or final liquidation of the corporation, any assets remaining after the discharge of all liabilities shall be used by the board of directors for the purpose stated in section 30702 of this title or be transferred to a recognized educational foundation.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1324.)
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 30712 | 36:515. | July 19, 1954, ch. 536, §15, 68 Stat. 492. |
Sections: Previous 30705 30706 30707 30708 30709 30710 30711 30712 30901 30902 30903 30904 30905 30906 30907 Next
Last modified: October 26, 2015