36 U.S.C. § 150713

Current through P.L. 118-107 (published on www.congress.gov on 11/21/2024)

Section 150713 - 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 transferred by the board of directors to a recognized agency or agencies engaged in the furtherance and advancement of citizenship.

36 U.S.C. § 150713

Pub. L. 105-225, 112 Stat. 1394.

HISTORICAL AND REVISION NOTES
Revised Section	Source (U.S. Code)	Source (Statutes at Large)
150713	36:445.	Aug. 13, 1953, ch. 427, §15, 67 Stat. 565.

The word "satisfaction" is omitted as included in "discharge", and the word "obligations" is omitted as included in "liabilities". The word "outstanding" is omitted as unnecessary.