Title 36, Patriotic and National ObservancesRelease 119-102
§150713 Distribution of Assets on Dissolution or Final Liquidation
Title 36 › Subtitle II — Patriotic and National Organizations › Part B — Organizations › CHAPTER 1507 — NATIONAL CONFERENCE ON CITIZENSHIP › § 150713
Summary
After debts are paid, the board must give any leftover assets to groups that promote and improve citizenship.
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
Citations & Metadata
Citation
36 U.S.C. § 150713
Title 36, Patriotic and National Observances
Last Updated
Aug 21, 2026
Release point: 119-102