Title 36, Patriotic and National ObservancesRelease 119-102
§70914 Distribution of Assets on Dissolution or Final Liquidation
Title 36 › Subtitle II — Patriotic and National Organizations › Part B — Organizations › CHAPTER 709 — FUTURE FARMERS OF AMERICA › § 70914
Summary
If the FFA closes and pays all its debts, the board must use any leftover assets to help students in agricultural education or transfer them to a recognized educational foundation.
Full Legal Text
Title 36, §70914
Patriotic and National Observances, Source: USLM XML via OLRC
On dissolution or final liquidation of the FFA, any assets remaining after the discharge of all liabilities shall be used by the board of directors for the benefit of students of agricultural education 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) 7091436:285.Aug. 30, 1950, ch. 823, § 15, 64 Stat. 566. 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.
Editorial Notes
Amendments
2019—Pub. L. 116–7 substituted “FFA” for “corporation” and “agricultural education” for “vocational agriculture”.
Reference
Citations & Metadata
Citation
36 U.S.C. § 70914
Title 36, Patriotic and National Observances
Last Updated
Aug 21, 2026
Release point: 119-102