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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. § 30712 Distribution of assets on dissolution or final liquidation us united_states_code code_section 36 PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS 307 BOARD FOR FUNDAMENTAL EDUCATION 30712 36 U.S.C. § 30712 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/s30712 data/legal/raw/us/code/title-36/usc36.xml 6774a16896c06b5b05df699a6fbb8ab60bd88a0be51ad5f6853c0e97b3de4699 d8bb3c94f12bbd56e49d7a2bc029b1f4ab0bb8b69327e9ddbdf94d7adcac580d f765e99cff4e0ce48da63bb70d88ef7bca2158ef39e93d4ce94abdde0384575d 2026-07-04 official
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36 U.S.C. § 30712 - 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 used by the board of directors for the purpose stated in section 30702 of this title or be transferred to a recognized educational foundation.

(Pub. L. 105225, Aug. 12, 1998, 112 Stat. 1324.)

Notes

Historical and Revision Notes RevisedSectionSource (U.S. Code)Source (Statutes at Large) 3071236:515.July 19, 1954, ch. 536, § 15, 68 Stat. 492. 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.