Title 36, Patriotic and National ObservancesRelease 119-102
§190112 Distribution of Assets on Dissolution or Final Liquidation
Title 36 › Subtitle II — Patriotic and National Organizations › Part B — Organizations › CHAPTER 1901 — RESERVE OFFICERS ASSOCIATION OF THE UNITED STATES › § 190112
Summary
When the corporation closes and all debts are paid, any leftover assets must be split equally among the officers and members who are active at that time.
Full Legal Text
Title 36, §190112
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 divided equally among the then active officers and members.
Legislative History
Notes & Related Subsidiaries
Historical and Revision Notes
Revised SectionSource (U.S. Code)Source (Statutes at Large) 19011236:231 (words after 2d comma).June 30, 1950, ch. 431, § 11 (words after 2d comma), 64 Stat. 314. 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. § 190112
Title 36, Patriotic and National Observances
Last Updated
Aug 21, 2026
Release point: 119-102