Fabio
76b8ec33a7
Ingested titles 12–51 and 54 from OLRC USLM XML @119-100 (the whole Code now, uniform edition; Title 53 is reserved/empty). LegalText 11,221 -> 59,740; repo total 105,704 records. Deterministic (byte-identical rerun, verified on Title 42's 8,356 sections); make check green. make legal-us-code default now covers every title. Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
48 lines
2.1 KiB
Markdown
48 lines
2.1 KiB
Markdown
---
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type: "LegalText"
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title: "36 U.S.C. § 70512"
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description: "Deposit of assets on dissolution or final liquidation"
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jurisdiction: "us"
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corpus: "united_states_code"
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kind: "code_section"
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title_number: 36
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title_name: "PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS"
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chapter_number: "705"
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chapter_name: "THE FOUNDATION OF THE FEDERAL BAR ASSOCIATION"
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section: "70512"
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citation: "36 U.S.C. § 70512"
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status: "current"
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release_point: "119-100"
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release_date: "2026-06-26"
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source: "official"
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source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc36@119-100.zip"
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source_identifier: "/us/usc/t36/s70512"
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source_file: "data/legal/raw/us/code/title-36/usc36.xml"
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source_hash: "f59ccc5afac8e26c9b2c9d8c8639fe4aa637d195be6824bf850bc22518b6019f"
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raw_snapshot_hash: "d8bb3c94f12bbd56e49d7a2bc029b1f4ab0bb8b69327e9ddbdf94d7adcac580d"
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text_hash: "3d4ac260926de648a61c9a7ea24d558ae8029374463a1f1904f84302bf37f79a"
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retrieved_at: "2026-07-04"
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confidence: "official"
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tags: ["legal", "us-code"]
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---
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# 36 U.S.C. § 70512 - Deposit of assets on dissolution or final liquidation
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## Text
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On dissolution or final liquidation of the corporation, any assets of the corporation remaining after the discharge of all liabilities shall be distributed—
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(a) as provided by the board of directors; and
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(b) in compliance with the charter and bylaws.
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(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1354; Pub. L. 119–57, § 8, Dec. 12, 2025, 139 Stat. 712.)
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## Notes
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Historical and Revision Notes RevisedSectionSource (U.S. Code)Source (Statutes at Large) 7051236:585.Aug. 24, 1954, ch. 911, § 15, 68 Stat. 800. 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.
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Editorial Notes
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Amendments2025—Pub. L. 119–57 amended section generally. Prior to amendment, text read as follows: “On dissolution or final liquidation of the corporation, any assets remaining after the discharge of all liabilities shall be deposited in the Treasury of the United States as a miscellaneous receipt.”
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