36-U.S.C.-70914
§70914 – Distribution of Assets On Dissolution Or Final Liquidation
Pathway
Title 36 > Subtitle II > Part B > Chapter 709 > Section 70914
Details
- Reference: Section 70914
- Legend: §70914 – 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 used by the board of directors for the benefit of students of vocational agriculture or be transferred to a recognized educational foundation.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1359.)
Revised Section |
Source (U.S. Code) | Source (Statutes at Large) |
---|---|---|
70914 | 36:285. | Aug. 30, 1950, ch. 823, §15, 64 Stat. 566. |
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.-70704 in the Legal Encyclopedia: Patriotic Organizations
In this entry about 36-U.S.C.-70704, 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.
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