1995 US Code
Title 36 - PATRIOTIC SOCIETIES AND OBSERVANCES
CHAPTER 14 - FUTURE FARMERS OF AMERICA
Sec. 285 - Use of assets on dissolution or liquidation

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Metadata
Publication TitleUnited States Code, 1994 Edition, Supplement 1, Title 36 - PATRIOTIC SOCIETIES AND OBSERVANCES
CategoryBills and Statutes
CollectionUnited States Code
SuDoc Class NumberY 1.2/5:
Contained WithinTitle 36 - PATRIOTIC SOCIETIES AND OBSERVANCES
CHAPTER 14 - FUTURE FARMERS OF AMERICA
Sec. 285 - Use of assets on dissolution or liquidation
Containssection 285
Date1995
Laws in Effect as of DateJanuary 16, 1996
Positive LawNo
Dispositionstandard
Source CreditAug. 30, 1950, ch. 823, §15, 64 Stat. 566.
Statutes at Large Reference64 Stat. 566


§285. Use of assets on dissolution or liquidation

Upon final dissolution or liquidation of the corporation and after the discharge or satisfaction of all outstanding obligations and liabilities, the remaining assets of the corporation shall be used by the board of directors for the benefit of students of vocational agriculture, or be transferred to some recognized educational foundation.

(Aug. 30, 1950, ch. 823, §15, 64 Stat. 566.)

Section Referred to in Other Sections

This section is referred to in section 279 of this title.

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