1995 US Code
Title 36 - PATRIOTIC SOCIETIES AND OBSERVANCES
CHAPTER 23 - BOARD FOR FUNDAMENTAL EDUCATION
Sec. 515 - 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 23 - BOARD FOR FUNDAMENTAL EDUCATION Sec. 515 - Use of assets on dissolution or liquidation |
Contains | section 515 |
Date | 1995 |
Laws in Effect as of Date | January 16, 1996 |
Positive Law | No |
Disposition | standard |
Source Credit | July 19, 1954, ch. 536, §15, 68 Stat. 492. |
Statutes at Large Reference | 68 Stat. 492 |
§515. 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 purposes stated in section 503 of this title or be transferred to some recognized educational foundation.
(July 19, 1954, ch. 536, §15, 68 Stat. 492.)
Section Referred to in Other SectionsThis section is referred to in section 509 of this title.
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