36 U.S.C. § 20111 — Use 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 201 - AGRICULTURAL HALL OF FAME Sec. 20111 - Use of assets on dissolution or final liquidation From the U.S. Government Publishing Office, www.gpo.gov
§20111. Use of assets on dissolution or final liquidation
On dissolution or final liquidation of the corporation, any assets of the corporation remaining after the discharge of all liabilities shall be distributed as provided by the board of governors, but in compliance with the charter and bylaws.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1286.)
Historical and Revision Notes Revised SectionSource (U.S. Code)Source (Statutes at Large)
20111 36:985. Aug. 31, 1960, Pub. L. 86–680, §15, 74 Stat. 577.
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.