36 U.S.C. § 22712 — Distribution of assets on dissolution or final liquidation

FEDERAL · 36 U.S.C. · Chapter 227

Distribution of assets on dissolution or final liquidation

Current through Pub. L. 119-102

Title 36 — Patriotic and National Observances·Ch. 227 — AMVETS (AMERICAN VETERANS)

On dissolution or final liquidation of the corporation, any assets remaining after the discharge or satisfactory provision for discharge of all liabilities shall be transferred to the Secretary of Veterans Affairs to be applied to the care and comfort of disabled veterans of World War II, the Korean conflict, and the Vietnam era.

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36 U.S.C. § 22712 (Distribution of assets on dissolution or final liquidation) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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History

(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1309.)

Editorial Notes

The words "Secretary of Veterans Affairs" are substituted for "Department of Veterans Affairs" because under 38:303 the Secretary is the head of the Department.