36 U.S.C. § 190112 — 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 1901 - RESERVE OFFICERS ASSOCIATION OF THE UNITED STATES Sec. 190112 - Distribution of assets on dissolution or final liquidation From the U.S. Government Publishing Office, www.gpo.gov
§190112. 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 divided equally among the then active officers and members.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1449.)
Historical and Revision Notes Revised SectionSource (U.S. Code)Source (Statutes at Large)
190112 36:231 (words after 2d comma). June 30, 1950, ch. 431, §11 (words after 2d comma), 64 Stat. 314.
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.