FEDERAL · 36 U.S.C. · Chapter 1901
Distribution of assets on dissolution or final liquidation
Current through Pub. L. 119-102
Title 36 — Patriotic and National Observances·Ch. 1901 — RESERVE OFFICERS ASSOCIATION OF THE UNITED STATES
On dissolution or final liquidation of the corporation, any assets remaining after the discharge of all liabilities shall be divided equally among the then active officers and members.
Free access — add to your briefcase to read the full text and ask questions with AI
36 U.S.C. § 190112 (Distribution of assets on dissolution or final liquidation) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Source Credit
History
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1449.)
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.