36 U.S.C. § 70512

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

Section 70512 - Deposit 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 deposited in the Treasury of the United States as a miscellaneous receipt.

36 U.S.C. § 70512

Pub. L. 105-225, 112 Stat. 1354.

HISTORICAL AND REVISION NOTES
Revised Section	Source (U.S. Code)	Source (Statutes at Large)
70512	36:585.	Aug. 24, 1954, ch. 911, §15, 68 Stat. 800.

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.