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36 U.S.C. § 152312

Distribution of assets on dissolution or final liquidation

United States · Title 36 — PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS · Status: effective

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36 U.S.C. § 152312, Distribution of assets on dissolution or final liquidation, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/471879
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On dissolution or final liquidation of the corporation, any assets remaining after the discharge of all liabilities shall be used by the board of directors for the purposes stated in section 152302 of this title or be transferred to a recognized educational foundation.

Legislative history

The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.

  • Enacted byPub. L. 105-225(H.R. 1085)1998-08-12
    To revise, codify, and enact without substantive change certain general and permanent laws, related to patriotic and national observances, ceremonies, and organizations, as title 36, United States Code, "Patriotic and National Observances, Ceremonies, and Organizations".
    House: no recorded tallySenate: no recorded tally