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 1507 - NATIONAL CONFERENCE ON CITIZENSHIP Sec. 150713 - Distribution of assets on dissolution or final liquidation From the U.S. Government Publishing Office, www.gpo.gov
§150713. 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 transferred by the board of directors to a recognized agency or agencies engaged in the furtherance and advancement of citizenship.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1394.)
Historical and Revision Notes Revised SectionSource (U.S. Code)Source (Statutes at Large)
150713 36:445. Aug. 13, 1953, ch. 427, §15, 67 Stat. 565.
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.