36 U.S.C. § 80106
Current through P.L. 118-107 (published on www.congress.gov on 11/21/2024)
On dissolution of the corporation, the board of directors shall liquidate and distribute its assets to organizations qualified as exempt organizations under section 501(c)(3) of the Internal Revenue Code of 1986 ( 26 U.S.C. 501(c)(3) ) with purposes similar to those of the corporation.
36 U.S.C. § 80106
| HISTORICAL AND REVISION NOTES | ||
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
| 80106 | 36:3501(c). | Mar. 3, 1901, ch. 860, §1(c), as added Aug. 7, 1986, Pub. L. 99-376, §1(3), 100 Stat. 804. |