36-U.S.C.-151911
§151911 – Distribution of Assets On Dissolution Or Final Liquidation
Pathway
Title 36 > Subtitle II > Part B > Chapter 1519 > Section 151911
Details
- Reference: Section 151911
- Legend: §151911 – 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 constitution and bylaws of the corporation.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1410.)
Revised Section |
Source (U.S. Code) | Source (Statutes at Large) |
---|---|---|
151911 | 36:615. | Aug. 28, 1954, ch. 1036, §15, 68 Stat. 895. |
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.-151911 in the Legal Encyclopedia: Patriotic Organizations
In this entry about 36-U.S.C.-151911, 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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