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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. § 23112 Distribution of assets on dissolution or final liquidation us united_states_code code_section 36 PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS 231 AVIATION HALL OF FAME 23112 36 U.S.C. § 23112 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/s23112 data/legal/raw/us/code/title-36/usc36.xml 0e21e3cc8cddccb07cf4629e1fe0c303e3183e1c1b14fc2375921a82d20e313e d8bb3c94f12bbd56e49d7a2bc029b1f4ab0bb8b69327e9ddbdf94d7adcac580d 2e9407bab6f2a7d063327fabe992dfab3d9b8a7aa70030f08fe71eb021ef899a 2026-07-04 official
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36 U.S.C. § 23112 - 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 consistent with the purposes of the corporation and in compliance with the charter and bylaws.

(Pub. L. 105225, Aug. 12, 1998, 112 Stat. 1314.)

Notes

Historical and Revision Notes RevisedSectionSource (U.S. Code)Source (Statutes at Large) 2311236:4316.July 14, 1964, Pub. L. 88372, § 16, 78 Stat. 318. The word “satisfaction” is omitted as included in “discharge”, and the word “obligations” is omitted as included in “liabilities”. The words “outstanding” and “all Federal and State laws applicable thereto” are omitted as unnecessary.