Title 36, Patriotic and National ObservancesRelease 119-102
§30312 Distribution of Assets on Dissolution or Final Liquidation
Title 36 › Subtitle II — Patriotic and National Organizations › Part B — Organizations › CHAPTER 303 — BLINDED VETERANS ASSOCIATION › § 30312
Summary
When the corporation closes for good and all debts are paid, any money or property left must go to the Secretary of Veterans Affairs. The Secretary will use those assets to help and care for blind veterans.
Full Legal Text
Title 36, §30312
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 to the Secretary of Veterans Affairs to be applied to the care and comfort of blinded veterans.
Legislative History
Notes & Related Subsidiaries
Historical and Revision Notes
Revised SectionSource (U.S. Code)Source (Statutes at Large) 3031236:865.Aug. 27, 1958, Pub. L. 85–769, § 15, 72 Stat. 927; June 13, 1991, Pub. L. 102–54, § 13(n)(4), 105 Stat. 278. 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 “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. § 30312
Title 36, Patriotic and National Observances
Last Updated
Aug 21, 2026
Release point: 119-102