There Is a Newer Version of the U.S. Code
  1. 2024 U.S. Code
  2. 2023 U.S. Code
  3. 2022 U.S. Code
  4. 1995 U.S. Code (here)
  5. View All Versions
View Our Newest Version Here

1995 U.S. Code
Title 36 - PATRIOTIC SOCIETIES AND OBSERVANCES
CHAPTER 20 - NATIONAL CONFERENCE ON CITIZENSHIP
Sec. 445 - Use of assets on dissolution or liquidation

View Metadata
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 20 - NATIONAL CONFERENCE ON CITIZENSHIP
Sec. 445 - Use of assets on dissolution or liquidation
Containssection 445
Date1995
Laws in Effect as of DateJanuary 16, 1996
Positive LawNo
Dispositionstandard
Source CreditAug. 13, 1953, ch. 427, §15, 67 Stat. 565.
Statutes at Large Reference67 Stat. 565

Download pdf

§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 Sections

This 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 U.S. site. Please check official sources.