36 U.S.C. § 150912 — Distribution of assets on dissolution or final liquidation
U.S.C. Title 36 - PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, ANDÂ ORGANIZATIONS 36 U.S.C. United States Code, 2023 Edition Title 36 - PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, ANDÂ ORGANIZATIONS Subtitle II - Patriotic and National Organizations Part B - Organizations CHAPTER 1509 - NATIONAL COUNCIL ON RADIATION PROTECTION AND MEASUREMENTS Sec. 150912 - Distribution of assets on dissolution or final liquidation From the U.S. Government Publishing Office, www.gpo.gov
§150912. Distribution of assets on dissolution or final liquidation
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 directors, but consistent with the purposes of the corporation and in compliance with the bylaws.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1397.)
Historical and Revision Notes Revised SectionSource (U.S. Code)Source (Statutes at Large)
150912 36:4515. July 14, 1964, Pub. L. 88–376, §15, 78 Stat. 324.
The word "satisfaction" is omitted as included in "discharge", and the word "obligations" is omitted as included in "liabilities". The words "outstanding" and "and all Federal and State laws applicable thereto" are omitted as unnecessary.