36 U.S.C. · Patriotic and National Observances, Ceremonies, and Organizations
36 U.S.C. § 70914

Distribution of assets on dissolution or final liquidation

Ch. 709 — FUTURE FARMERS OF AMERICA
Title 36 U.S.C. ● ACTIVE Primary Source Ch. 709
Statutory Text

36 U.S.C. § 70914 — Distribution of assets on dissolution or final liquidation

U.S.C. Title 36 - PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS 36 U.S.C. United States Code, 2023 Edition Title 36 - PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS Subtitle II - Patriotic and National Organizations Part B - Organizations CHAPTER 709 - FUTURE FARMERS OF AMERICA Sec. 70914 - Distribution of assets on dissolution or final liquidation From the U.S. Government Publishing Office, www.gpo.gov

§70914. Distribution of assets on dissolution or final liquidation

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.

(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1359; Pub. L. 116–7, §15, Feb. 21, 2019, 133 Stat. 482.)

Historical and Revision Notes Revised SectionSource (U.S. Code)Source (Statutes at Large)

70914 36:285. Aug. 30, 1950, ch. 823, §15, 64 Stat. 566.

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".

Source: uscode.house.gov — public domain Official Source ↗
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36 U.S.C. § 70914
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The statutory text of 36 U.S.C. § 70914 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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