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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. § 150713 Distribution of assets on dissolution or final liquidation us united_states_code code_section 36 PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS 1507 NATIONAL CONFERENCE ON CITIZENSHIP 150713 36 U.S.C. § 150713 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/s150713 data/legal/raw/us/code/title-36/usc36.xml 58fa58d755e3d8ed56702b19c0473e1a4db754577df156dd53dae8c01f7006af d8bb3c94f12bbd56e49d7a2bc029b1f4ab0bb8b69327e9ddbdf94d7adcac580d da11f21ed751c0f872e0cc4d40db4e0159955e010cab51dc4e496c7aa3653873 2026-07-04 official
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36 U.S.C. § 150713 - Distribution of assets on dissolution or final liquidation

Text

On dissolution or final liquidation of the corporation, any assets remaining after the discharge of all liabilities shall be transferred by the board of directors to a recognized agency or agencies engaged in the furtherance and advancement of citizenship.

(Pub. L. 105225, Aug. 12, 1998, 112 Stat. 1394.)

Notes

Historical and Revision Notes RevisedSectionSource (U.S. Code)Source (Statutes at Large) 15071336:445.Aug. 13, 1953, ch. 427, § 15, 67 Stat. 565. 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.