FEDERAL · 36 U.S.C. · Chapter 307
Distribution of assets on dissolution or final liquidation
36 U.S.C. § 30712
Title36 — Patriotic and National Observances
Chapter307 — BOARD FOR FUNDAMENTAL EDUCATION
This text of 36 U.S.C. § 30712 (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. § 30712.
Text
On dissolution or final liquidation of the corporation, any assets remaining after the discharge of all liabilities shall be used by the board of directors for the purpose stated in section 30702 of this title or be transferred to a recognized educational foundation.
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Related
§ 30702
36 U.S.C. § 30702
Source Credit
History
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1324.)
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. § 30712, Counsel Stack Legal Research, https://law.counselstack.com/usc/36/30712.