Title 36 — Patriotic and National ObservancesRelease 119-73
§22712 Distribution of assets on dissolution or final liquidation
Title 36 › Subtitle Subtitle II— - Patriotic and National Organizations › Part Part B— - Organizations › Chapter CHAPTER 227— - AMVETS (AMERICAN VETERANS) › § 22712
Summary
After paying or arranging to pay all debts, any leftover assets must go to the VA to help disabled World War II, Korean, and Vietnam-era veterans.
Full Legal Text
Title 36, §22712
Patriotic and National Observances — Source: USLM XML via OLRC
On dissolution or final liquidation of the corporation, any assets remaining after the discharge or satisfactory provision for discharge of all liabilities shall be transferred to the Secretary of Veterans Affairs to be applied to the care and comfort of disabled veterans of World War II, the Korean conflict, and the Vietnam era.
Legislative History
Notes & Related Subsidiaries
Historical and Revision Notes
Revised SectionSource (U.S. Code)Source (Statutes at Large) 2271236:67h.July 23, 1947, ch. 298, § 9, 61 Stat. 407; Aug. 15, 1977, Pub. L. 95–98, § 1(b)(3), 91 Stat. 830; June 13, 1991, Pub. L. 102–54, § 13(n)(1), 105 Stat. 278. The words “Secretary of Veterans Affairs” are substituted for “Department of Veterans Affairs” because under 38:303 the Secretary is the head of the Department.
Reference
Citations & Metadata
Citation
36 U.S.C. § 22712
Title 36 — Patriotic and National Observances
Last Updated
Apr 6, 2026
Release point: 119-73