7-U.S.C.-950A

§950A – Liquidation Or Dissolution of Telephone Bank

Pathway

Title 7 > Chapter 31 > Subchapter IV > Section 950a

Details

• Reference: Section 950a
• Legend: §950A – Liquidation Or Dissolution of Telephone Bank
• USCode Year: 2013

Provision Content

In the case of liquidation or dissolution of the telephone bank, after the payment or retirement, as the case may be, first, of all liabilities; second, of all class A stock at par; third, of all class B stock at par; fourth, of all class C stock at par; then any surpluses and contingency reserves existing on the effective date of liquidation or dissolution of the telephone bank shall be paid to the holders of class A and class B stock issued and outstanding before the effective date of such liquidation or dissolution, pro rata.

(May 20, 1936, ch. 432, title IV, §411, as added Pub. L. 92–12, §2, May 7, 1971, 85 Stat. 37.)

Effective Date

Section effective May 7, 1971, see section 7 of Pub. L. 92–12, set out as a note under section 921a of this title.

U.S. Encyclopedia of Law Coverage

7-U.S.C.-945 in the Legal Encyclopedia: Agriculture

In this entry about 7-U.S.C.-945, find legal reference material, bibliographies and premiere content related to agriculture in the American Encyclopedia of Law, presenting a comprehensive view of the United States agriculture-specific issues, written by authorities in the field.

7-U.S.C.-946 in the Legal Encyclopedia: Rural

In this entry about 7-U.S.C.-946, find legal reference material, bibliographies and premiere content related to rural in the American Encyclopedia of Law, presenting a comprehensive view of the United States rural-specific issues, written by authorities in the field.

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