---
type: "LegalText"
title: "36 U.S.C. § 70914"
description: "Distribution of assets on dissolution or final liquidation"
jurisdiction: "us"
corpus: "united_states_code"
kind: "code_section"
title_number: 36
title_name: "PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS"
chapter_number: "709"
chapter_name: "FUTURE FARMERS OF AMERICA"
section: "70914"
citation: "36 U.S.C. § 70914"
status: "current"
release_point: "119-100"
release_date: "2026-06-26"
source: "official"
source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc36@119-100.zip"
source_identifier: "/us/usc/t36/s70914"
source_file: "data/legal/raw/us/code/title-36/usc36.xml"
source_hash: "1f9a4127eeae24a4af6d6fe7a557cce94aca80dc445113a777e38c51ff0c85fe"
raw_snapshot_hash: "d8bb3c94f12bbd56e49d7a2bc029b1f4ab0bb8b69327e9ddbdf94d7adcac580d"
text_hash: "a98dfc66ed8d3e81036c34284a6d0dc7afd240ebd9856f2faedd4653ee10f02d"
retrieved_at: "2026-07-04"
confidence: "official"
tags: ["legal", "us-code"]
---

# 36 U.S.C. § 70914 - Distribution of assets on dissolution or final liquidation

## Text

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.

(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1359; Pub. L. 116–7, § 15, Feb. 21, 2019, 133 Stat. 482.)

## Notes

Historical and Revision Notes RevisedSectionSource (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

Amendments2019—Pub. L. 116–7 substituted “FFA” for “corporation” and “agricultural education” for “vocational agriculture”.