FEDERAL · 36 U.S.C. · Chapter 231
Distribution of assets on dissolution or final liquidation
36 U.S.C. § 23112
Title36 — Patriotic and National Observances
Chapter231 — AVIATION HALL OF FAME
This text of 36 U.S.C. § 23112 (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. § 23112.
Text
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 trustees, but consistent with the purposes of the corporation and in compliance with the charter and bylaws.
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Source Credit
History
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1314.)
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.
Editorial Notes
Amendments
2014—Pub. L. 113–237, §3(b)(1), Dec. 18, 2014, 128 Stat. 2836, added placeholder for chapters 233 to 299.
Editorial Notes
Amendments
2014—Pub. L. 113–237, §3(b)(1), Dec. 18, 2014, 128 Stat. 2836, added placeholder for chapters 233 to 299.
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Bluebook (online)
36 U.S.C. § 23112, Counsel Stack Legal Research, https://law.counselstack.com/usc/36/23112.