Statutes, codes, and regulations
United States Code
Title 36 - PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONSPart B - ORGANIZATIONS
Chapter 1509 - NATIONAL COUNCIL ON RADIATION PROTECTION AND MEASUREMENTS
Section 150912 - Distribution of assets on dissolution or final liquidation

36 U.S.C. § 150912

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Current through P.L. 118-107 (published on www.congress.gov on 11/21/2024)
Section 150912 - 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 directors, but consistent with the purposes of the corporation and in compliance with the bylaws.

36 U.S.C. § 150912

Pub. L. 105-225, 112 Stat. 1397.

HISTORICAL AND REVISION NOTES
Revised SectionSource (U.S. Code)Source (Statutes at Large)
15091236:4515.July 14, 1964, Pub. L. 88-376, §15, 78 Stat. 324.
The word "satisfaction" is omitted as included in "discharge", and the word "obligations" is omitted as included in "liabilities". The words "outstanding" and "and all Federal and State laws applicable thereto" are omitted as unnecessary.