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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. § 190112 Distribution of assets on dissolution or final liquidation us united_states_code code_section 36 PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS 1901 RESERVE OFFICERS ASSOCIATION OF THE UNITED STATES 190112 36 U.S.C. § 190112 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/s190112 data/legal/raw/us/code/title-36/usc36.xml 7029d089e1996013dc09a5353c9c54cc28ec4aca8a501cff00070a5e3649543a d8bb3c94f12bbd56e49d7a2bc029b1f4ab0bb8b69327e9ddbdf94d7adcac580d 84b34311544346ef903912ac09b73a1703659352f49c074f43d0a2ab973e9d80 2026-07-04 official
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36 U.S.C. § 190112 - 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 divided equally among the then active officers and members.

(Pub. L. 105225, Aug. 12, 1998, 112 Stat. 1449.)

Notes

Historical and Revision Notes RevisedSectionSource (U.S. Code)Source (Statutes at Large) 19011236:231 (words after 2d comma).June 30, 1950, ch. 431, § 11 (words after 2d comma), 64 Stat. 314. 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.