1997 U.S. Code
Title 36 - PATRIOTIC SOCIETIES AND OBSERVANCES
CHAPTER 12 - RESERVE OFFICERS ASSOCIATION
Sec. 231 - Distribution of income or assets to members
View Metadata| Publication Title | United States Code, 1994 Edition, Supplement 3, 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 12 - RESERVE OFFICERS ASSOCIATION Sec. 231 - Distribution of income or assets to members |
| Contains | section 231 |
| Date | 1997 |
| Laws in Effect as of Date | January 26, 1998 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | June 30, 1950, ch. 431, §11, 64 Stat. 314. |
| Statutes at Large Reference | 64 Stat. 314 |
§231. Distribution of income or assets to members
No part of the income or assets of the corporation shall inure to any member or officer thereof, or be distributable to any such person except upon dissolution and final liquidation of the corporation when, after the discharge or satisfaction of all outstanding obligations and liabilities, the remaining assets of the corporation shall be divided equally among the then active members and officers.
(June 30, 1950, ch. 431, §11, 64 Stat. 314.)
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