36 USC 70914 - 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 used by the board of directors for the benefit of students of vocational agriculture or be transferred to a recognized educational foundation.

(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1359.)

Historical and Revision Notes
Revised

Section

Source (U.S. Code)Source (Statutes at Large)
70914 36:285. Aug. 30, 1950, ch. 823, §15, 64 Stat. 566.

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Last modified: October 26, 2015