36-U.S.C.-40511

§40511 – Distribution of Assets On Dissolution Or Final Liquidation

Pathway

Title 36 > Subtitle II > Part B > Chapter 405 > Section 40511

Details

• Reference: Section 40511
• Legend: §40511 – 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 distributed as provided by the board of directors, but in compliance with the bylaws.

(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1335.)

The word satisfaction is omitted as included in discharge, and the word obligations is omitted as included in liabilities. The words outstanding and all Federal and State laws applicable thereto are omitted as unnecessary.

U.S. Encyclopedia of Law Coverage

36-U.S.C.-40110 in the Legal Encyclopedia: Patriotic Organizations

In this entry about 36-U.S.C.-40110, 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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