FEDERAL · 36 U.S.C. · Chapter 201
Use of assets on dissolution or final liquidation
36 U.S.C. § 20111
Title36 — Patriotic and National Observances
Chapter201 — AGRICULTURAL HALL OF FAME
This text of 36 U.S.C. § 20111 (Use 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. § 20111.
Text
On dissolution or final liquidation of the corporation, any assets of the corporation remaining after the discharge of all liabilities shall be distributed as provided by the board of governors, but in compliance with the charter and bylaws.
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History
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1286.)
Editorial Notes
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.
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Bluebook (online)
36 U.S.C. § 20111, Counsel Stack Legal Research, https://law.counselstack.com/usc/36/20111.