Title 36 — Patriotic and National ObservancesRelease 119-73
§150713 Distribution of assets on dissolution or final liquidation
Title 36 › Subtitle Subtitle II— - Patriotic and National Organizations › Part Part B— - Organizations › Chapter CHAPTER 1507— - NATIONAL CONFERENCE ON CITIZENSHIP › § 150713
Full Legal Text
Title 36, §150713
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 transferred by the board of directors to a recognized agency or agencies engaged in the furtherance and advancement of citizenship.
Legislative History
Notes & Related Subsidiaries
Historical and Revision Notes
Revised SectionSource (U.S. Code)Source (Statutes at Large) 15071336:445.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.
Reference
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Citation
36 U.S.C. § 150713
Title 36 — Patriotic and National Observances
Last Updated
Apr 6, 2026
Release point: 119-73