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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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---
type: "LegalText"
title: "36 U.S.C. § 220315"
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: "2203"
chapter_name: "UNITED STATES CAPITOL HISTORICAL SOCIETY"
section: "220315"
citation: "36 U.S.C. § 220315"
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/s220315"
source_file: "data/legal/raw/us/code/title-36/usc36.xml"
source_hash: "49a98049e9b072d79625e1f80f7a70dd3564a09c71898512633aee8b7e562fa6"
raw_snapshot_hash: "d8bb3c94f12bbd56e49d7a2bc029b1f4ab0bb8b69327e9ddbdf94d7adcac580d"
text_hash: "b60faeb6979cc8f55445fe6fabe7c86f0d98f3d787d6f6a2a646d137094849cc"
retrieved_at: "2026-07-04"
confidence: "official"
tags: ["legal", "us-code"]
---
# 36 U.S.C. § 220315 - 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 distributed as provided by the board of trustees, but in compliance with the constitution and bylaws of the corporation.
(Pub. L. 105225, Aug. 12, 1998, 112 Stat. 1465.)
## Notes
Historical and Revision Notes RevisedSectionSource (U.S. Code)Source (Statutes at Large) 22031536:1214.Oct. 20, 1978, Pub. L. 95493, § 14, 92 Stat. 1646. The word “satisfaction” is omitted as included in “discharge”, and the word “obligations” is omitted as included in “liabilities”. The words “outstanding” and “and all Federal and State laws applicable thereto” are omitted as unnecessary.