Title 36, Patriotic and National ObservancesRelease 119-102
§20111 Use of Assets on Dissolution or Final Liquidation
Title 36 › Subtitle II — Patriotic and National Organizations › Part B — Organizations › CHAPTER 201 — AGRICULTURAL HALL OF FAME › § 20111
Summary
After closing and paying debts, the board must distribute remaining assets under the charter and bylaws.
Full Legal Text
Title 36, §20111
Patriotic and National Observances, Source: USLM XML via OLRC
On dissolution or final liquidation of the corporation, any assets of the corporation remaining after the discharge of all liabilities shall be distributed as provided by the board of governors, but in compliance with the charter and bylaws.
Legislative History
Notes & Related Subsidiaries
Historical and Revision Notes
Revised SectionSource (U.S. Code)Source (Statutes at Large) 2011136:985.Aug. 31, 1960, Pub. L. 86–680, § 15, 74 Stat. 577. The word “satisfaction” is omitted as included in “discharge”, and the word “obligations” is omitted as included in “liabilities”. The words “outstanding” and “all Federal and State laws applicable thereto” are omitted as unnecessary.
Reference
Citations & Metadata
Citation
36 U.S.C. § 20111
Title 36, Patriotic and National Observances
Last Updated
Aug 21, 2026
Release point: 119-102