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1995 U.S. Code
Title 36 - PATRIOTIC SOCIETIES AND OBSERVANCES
CHAPTER 39 - AGRICULTURAL HALL OF FAME
Sec. 985 - Use of assets on dissolution or liquidation
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§985. Use of assets on dissolution or liquidation
§985. Use of assets on dissolution or liquidation
Upon dissolution or final liquidation of the corporation, after discharge or satisfaction of all outstanding obligations and liabilities, the remaining assets, if any, of the corporation shall be distributed in accordance with the determination of the board of governors of the corporation and in compliance with the charter and bylaws of the corporation and all Federal and State laws applicable thereto.
(Pub. L. 86–680, §15, Aug. 31, 1960, 74 Stat. 577.)
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