Title 36, Patriotic and National ObservancesRelease 119-102
§30712 Distribution of Assets on Dissolution or Final Liquidation
Title 36 › Subtitle II — Patriotic and National Organizations › Part B — Organizations › CHAPTER 307 — BOARD FOR FUNDAMENTAL EDUCATION › § 30712
Summary
After debts are paid, leftover assets must fund the corporation’s stated purpose or go to a recognized educational foundation.
Full Legal Text
Title 36, §30712
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 used by the board of directors for the purpose stated in section 30702 of this title or be transferred to a recognized educational foundation.
Legislative History
Notes & Related Subsidiaries
Historical and Revision Notes
Revised SectionSource (U.S. Code)Source (Statutes at Large) 3071236:515.July 19, 1954, ch. 536, § 15, 68 Stat. 492. 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. § 30712
Title 36, Patriotic and National Observances
Last Updated
Aug 21, 2026
Release point: 119-102