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Ingested titles 12–51 and 54 from OLRC USLM XML @119-100 (the whole Code now, uniform edition; Title 53 is reserved/empty). LegalText 11,221 -> 59,740; repo total 105,704 records. Deterministic (byte-identical rerun, verified on Title 42's 8,356 sections); make check green. make legal-us-code default now covers every title. Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
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| LegalText | 36 U.S.C. § 70512 | Deposit of assets on dissolution or final liquidation | us | united_states_code | code_section | 36 | PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS | 705 | THE FOUNDATION OF THE FEDERAL BAR ASSOCIATION | 70512 | 36 U.S.C. § 70512 | current | 119-100 | 2026-06-26 | official | https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc36@119-100.zip | /us/usc/t36/s70512 | data/legal/raw/us/code/title-36/usc36.xml | f59ccc5afac8e26c9b2c9d8c8639fe4aa637d195be6824bf850bc22518b6019f | d8bb3c94f12bbd56e49d7a2bc029b1f4ab0bb8b69327e9ddbdf94d7adcac580d | 3d4ac260926de648a61c9a7ea24d558ae8029374463a1f1904f84302bf37f79a | 2026-07-04 | official |
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36 U.S.C. § 70512 - Deposit of assets on dissolution or final liquidation
Text
On dissolution or final liquidation of the corporation, any assets of the corporation remaining after the discharge of all liabilities shall be distributed—
(a) as provided by the board of directors; and
(b) in compliance with the charter and bylaws.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1354; Pub. L. 119–57, § 8, Dec. 12, 2025, 139 Stat. 712.)
Notes
Historical and Revision Notes RevisedSectionSource (U.S. Code)Source (Statutes at Large) 7051236:585.Aug. 24, 1954, ch. 911, § 15, 68 Stat. 800. 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
Amendments2025—Pub. L. 119–57 amended section generally. Prior to amendment, text read as follows: “On dissolution or final liquidation of the corporation, any assets remaining after the discharge of all liabilities shall be deposited in the Treasury of the United States as a miscellaneous receipt.”