36-U.S.C.-150713

§150713 – Distribution of Assets On Dissolution Or Final Liquidation

Pathway

Title 36 > Subtitle II > Part B > Chapter 1507 > Section 150713

Details

• Reference: Section 150713
• Legend: §150713 – Distribution of Assets On Dissolution Or Final Liquidation
• USCode Year: 2013

Provision Content

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.

(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1394.)

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.

U.S. Encyclopedia of Law Coverage

36-U.S.C.-150710 in the Legal Encyclopedia: Patriotic Organizations

In this entry about 36-U.S.C.-150710, find legal reference material, bibliographies and premiere content related to patriotic organizations in the American Encyclopedia of Law, presenting a comprehensive view of the United States patriotic organizations-specific issues, written by authorities in the field.

Topic Map

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