FEDERAL · 36 U.S.C. · Chapter 709
Distribution of assets on dissolution or final liquidation
36 U.S.C. § 70914
Title36 — Patriotic and National Observances
Chapter709 — FUTURE FARMERS OF AMERICA
This text of 36 U.S.C. § 70914 (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. § 70914.
Text
On dissolution or final liquidation of the FFA, any assets remaining after the discharge of all liabilities shall be used by the board of directors for the benefit of students of agricultural education or be transferred to a recognized educational foundation.
Free access — add to your briefcase to read the full text and ask questions with AI
Source Credit
History
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1359; Pub. L. 116–7, §15, Feb. 21, 2019, 133 Stat. 482.)
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.
Editorial Notes
Amendments
2019—Pub. L. 116–7 substituted "FFA" for "corporation" and "agricultural education" for "vocational agriculture".
Editorial Notes
Amendments
2014—Pub. L. 113–237, §3(b)(6), Dec. 18, 2014, 128 Stat. 2837, added placeholder for chapters 711 to 799.
Editorial Notes
Amendments
2019—Pub. L. 116–7 substituted "FFA" for "corporation" and "agricultural education" for "vocational agriculture".
Editorial Notes
Amendments
2014—Pub. L. 113–237, §3(b)(6), Dec. 18, 2014, 128 Stat. 2837, added placeholder for chapters 711 to 799.
Cite This Page — Counsel Stack
Bluebook (online)
36 U.S.C. § 70914, Counsel Stack Legal Research, https://law.counselstack.com/usc/36/70914.