1995 US Code
Title 36 - PATRIOTIC SOCIETIES AND OBSERVANCES
CHAPTER 75 - AVIATION HALL OF FAME
Sec. 4316 - Use of assets on dissolution or liquidation
View Metadata| Publication 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 75 - AVIATION HALL OF FAME Sec. 4316 - Use of assets on dissolution or liquidation |
| Contains | section 4316 |
| Date | 1995 |
| Laws in Effect as of Date | January 16, 1996 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 88-372, §16, July 14, 1964, 78 Stat. 318. |
| Statutes at Large Reference | 78 Stat. 318 |
| Public Law Reference | Public Law 88-372 |
§4316. 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 trustees of the corporation and in compliance with the charter and bylaws of the corporation and all Federal and State laws applicable thereto. Such distribution shall be consistent with the purposes of the corporation.
(Pub. L. 88–372, §16, July 14, 1964, 78 Stat. 318.)
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