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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. § 130513 Distribution of assets on dissolution or final liquidation us united_states_code code_section 36 PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS 1305 LITTLE LEAGUE BASEBALL, INCORPORATED 130513 36 U.S.C. § 130513 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/s130513 data/legal/raw/us/code/title-36/usc36.xml 4de9ceb2b43f6409fe29b62339ef75ac05b67019f78c404e2ec81f7422fdeb6e d8bb3c94f12bbd56e49d7a2bc029b1f4ab0bb8b69327e9ddbdf94d7adcac580d fee6db872de79ca2b0d047af1df3b2c4b33a49bc56991c09139223049dbc8779 2026-07-04 official
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36 U.S.C. § 130513 - 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 directors, but consistent with the purposes of the corporation and in compliance with the constitution and bylaws of the corporation.

(Pub. L. 105225, Aug. 12, 1998, 112 Stat. 1379.)

Notes

Historical and Revision Notes RevisedSectionSource (U.S. Code)Source (Statutes at Large) 13051336:1085.July 16, 1964, Pub. L. 88378, § 15, 78 Stat. 328. The words “dissolution or final liquidation” are substituted for “final dissolution or liquidation” for consistency in the revised title. 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.