1995 US Code
Title 36 - PATRIOTIC SOCIETIES AND OBSERVANCES
CHAPTER 20 - NATIONAL CONFERENCE ON CITIZENSHIP
Sec. 445 - Use of assets on dissolution or liquidation
View MetadataPublication Title | United States Code, 1994 Edition, Supplement 1, Title 36 - PATRIOTIC SOCIETIES AND OBSERVANCES |
Category | Bills and Statutes |
Collection | United States Code |
SuDoc Class Number | Y 1.2/5: |
Contained Within | Title 36 - PATRIOTIC SOCIETIES AND OBSERVANCES CHAPTER 20 - NATIONAL CONFERENCE ON CITIZENSHIP Sec. 445 - Use of assets on dissolution or liquidation |
Contains | section 445 |
Date | 1995 |
Laws in Effect as of Date | January 16, 1996 |
Positive Law | No |
Disposition | standard |
Source Credit | Aug. 13, 1953, ch. 427, §15, 67 Stat. 565. |
Statutes at Large Reference | 67 Stat. 565 |
§445. 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 transferred by the board of directors to some recognized agency or agencies engaged in the furtherance and advancement of citizenship.
(Aug. 13, 1953, ch. 427, §15, 67 Stat. 565.)
Section Referred to in Other SectionsThis section is referred to in section 439 of this title.
Disclaimer: These codes may not be the most recent version. The United States Government Printing Office may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the US site. Please check official sources.