1995 US Code
Title 36 - PATRIOTIC SOCIETIES AND OBSERVANCES
CHAPTER 37 - JEWISH WAR VETERANS, U.S.A., NATIONAL MEMORIAL, INC.
Sec. 924 - 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 37 - JEWISH WAR VETERANS, U.S.A., NATIONAL MEMORIAL, INC. Sec. 924 - Use of assets on dissolution or liquidation |
Contains | section 924 |
Date | 1995 |
Laws in Effect as of Date | January 16, 1996 |
Positive Law | No |
Disposition | standard |
Source Credit | Pub. L. 85-903, §14, Sept. 2, 1958, 72 Stat. 1741. |
Statutes at Large Reference | 72 Stat. 1741 |
Public Law Reference | Public Law 85-903 |
§924. Use of assets on dissolution or liquidation
Upon final dissolution or liquidation of the corporation, and after discharge or satisfaction of all outstanding obligations and liabilities, the remaining assets of the corporation may be distributed in accordance with the determination of the board of directors of the corporation and in compliance with the constitution and bylaws of the corporation and all Federal and State laws applicable thereto. Nothing in this section shall be construed so as to permit any such assets being distributed to any officer or employee or inuring to the benefit of any private person.
(Pub. L. 85–903, §14, Sept. 2, 1958, 72 Stat. 1741.)
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.