Title 36 — Patriotic and National ObservancesRelease 119-73
§30514 Distribution of assets on dissolution or final liquidation
Title 36 › Subtitle Subtitle II— - Patriotic and National Organizations › Part Part B— - Organizations › Chapter CHAPTER 305— - BLUE STAR MOTHERS OF AMERICA, INC. › § 30514
Full Legal Text
Title 36, §30514
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 national executive board, 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) 3051436:957.July 14, 1960, Pub. L. 86–653, § 17, 74 Stat. 518. 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. The reference to the “national executive board” is retained although 36:946 and 947 (restated in section 30505 of the revised title) do not create a governing body called a “national executive board.” The words “all Federal and State laws applicable thereto” are omitted as unnecessary.
Reference
Citations & Metadata
Citation
36 U.S.C. § 30514
Title 36 — Patriotic and National Observances
Last Updated
Apr 6, 2026
Release point: 119-73