36 USC 30712: Distribution of assets on dissolution or final liquidation
Result 164 of 298
   
 
<< Previous   TITLE 36 / Subtitle II / Part B / CHAPTER 307 / § 30712   Next >>
36 USC 30712: Distribution of assets on dissolution or final liquidation Text contains those laws in effect on May 29, 2024
From Title 36-PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONSSubtitle II-Patriotic and National OrganizationsPart B-OrganizationsCHAPTER 307-BOARD FOR FUNDAMENTAL EDUCATION
Jump To: Source Credit

§30712. 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 purpose stated in section 30702 of this title or be transferred to a recognized educational foundation.

( Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1324 .)

Historical and Revision Notes
Revised

Section

Source (U.S. Code)Source (Statutes at Large)
30712 36:515. July 19, 1954, ch. 536, §15, 68 Stat. 492 .

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.