FEDERAL · 36 U.S.C. · Chapter 1507
Distribution of assets on dissolution or final liquidation
36 U.S.C. § 150713
Title36 — Patriotic and National Observances
Chapter1507 — NATIONAL CONFERENCE ON CITIZENSHIP
This text of 36 U.S.C. § 150713 (Distribution of assets on dissolution or final liquidation) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
36 U.S.C. § 150713.
Text
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.
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Source Credit
History
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1394.)
Editorial Notes
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.
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Bluebook (online)
36 U.S.C. § 150713, Counsel Stack Legal Research, https://law.counselstack.com/usc/36/150713.