Title 36, Patriotic and National ObservancesRelease 119-102
§170111 Distribution of Assets on Dissolution or Final Liquidation
Title 36 › Subtitle II — Patriotic and National Organizations › Part B — Organizations › CHAPTER 1701 — PARALYZED VETERANS OF AMERICA › § 170111
Summary
On dissolution, leftover assets go to the Secretary of Veterans Affairs for paralyzed veterans.
Full Legal Text
Title 36, §170111
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 paralyzed veterans.
Legislative History
Notes & Related Subsidiaries
Historical and Revision Notes
Revised SectionSource (U.S. Code)Source (Statutes at Large) 17011136:1159.Aug. 11, 1971, Pub. L. 92–93, § 9, 85 Stat. 318; June 13, 1991, Pub. L. 102–54, § 13(n)(5), 105 Stat. 278. The words “dissolution or final liquidation” are substituted for “final dissolution or liquidation” for consistency in the revised title. 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. § 170111
Title 36, Patriotic and National Observances
Last Updated
Aug 21, 2026
Release point: 119-102