Distribution of assets on dissolution or final liquidation
About This Law
/us/usc/t36/s150513
Title
36 — Patriotic and National Observances, Ceremonies, and Organizations
Chapter
STII/PTB/CH1505
Release
119-84
Release Date
2026-04-17
Section Text
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On dissolution or final liquidation of the corporation, any assets remaining after the discharge of all liabilities shall be divided equally among the State and territorial societies in the District of Columbia.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1391.)
Historical and Revision Notes
RevisedSectionSource (U.S. Code)Source (Statutes at Large)
15051336:417.Apr. 3, 1952, ch. 131, § 17, 66 Stat. 41.
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.
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