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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 36 U.S.C. § 70914 Distribution of assets on dissolution or final liquidation us united_states_code code_section 36 PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS 709 FUTURE FARMERS OF AMERICA 70914 36 U.S.C. § 70914 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/s70914 data/legal/raw/us/code/title-36/usc36.xml 1f9a4127eeae24a4af6d6fe7a557cce94aca80dc445113a777e38c51ff0c85fe d8bb3c94f12bbd56e49d7a2bc029b1f4ab0bb8b69327e9ddbdf94d7adcac580d a98dfc66ed8d3e81036c34284a6d0dc7afd240ebd9856f2faedd4653ee10f02d 2026-07-04 official
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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. 105225, Aug. 12, 1998, 112 Stat. 1359; Pub. L. 1167, § 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. 1167 substituted “FFA” for “corporation” and “agricultural education” for “vocational agriculture”.