Title 36 — Patriotic and National ObservancesRelease 119-73
§130113 Distribution of assets on dissolution or final liquidation
Title 36 › Subtitle Subtitle II— - Patriotic and National Organizations › Part Part B— - Organizations › Chapter CHAPTER 1301— - LADIES OF THE GRAND ARMY OF THE REPUBLIC › § 130113
Full Legal Text
Title 36, §130113
Patriotic and National Observances — Source: USLM XML via OLRC
On dissolution or final liquidation of the corporation, any assets remaining after the discharge of all liabilities shall be distributed as provided by the council of administration, but in compliance with the constitution and bylaws of the corporation.
Legislative History
Notes & Related Subsidiaries
Historical and Revision Notes
Revised SectionSource (U.S. Code)Source (Statutes at Large) 13011336:78p.June 17, 1959, Pub. L. 86–47, § 17, 73 Stat. 80. 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. The words “as provided by” are substituted for “in accordance with the determination of” for consistency in the revised title and to eliminate unnecessary words. The reference to the “council of administration” is retained although there is no council of administration created by 36:78e or 36:78f. The words “all Federal and State laws applicable thereto” are omitted as unnecessary.
Reference
Citations & Metadata
Citation
36 U.S.C. § 130113
Title 36 — Patriotic and National Observances
Last Updated
Apr 6, 2026
Release point: 119-73