2011 US Code
Title 36 - Patriotic and National Observances, Ceremonies, Andorganizations
Subtitle II - Patriotic and National Organizations (§§ 10101 - 240112)
Part B - Organizations (§§ 20101 - 240112)
Chapter 1523 - NATIONAL MUSIC COUNCIL (§§ 152301 - 152312)
Section 152312 - Distribution of assets on dissolution or final liquidation
View MetadataPublication Title | United States Code, 2006 Edition, Supplement 5, Title 36 - PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, ANDORGANIZATIONS |
Category | Bills and Statutes |
Collection | United States Code |
SuDoc Class Number | Y 1.2/5: |
Contained Within | Title 36 - PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, ANDORGANIZATIONS Subtitle II - Patriotic and National Organizations Part B - Organizations CHAPTER 1523 - NATIONAL MUSIC COUNCIL Sec. 152312 - Distribution of assets on dissolution or final liquidation |
Contains | section 152312 |
Date | 2011 |
Laws in Effect as of Date | January 3, 2012 |
Positive Law | Yes |
Disposition | standard |
Source Credit | Pub. L. 105-225, Aug. 12, 1998, 112 Stat. 1414. |
Statutes at Large References | 70 Stat. 797 112 Stat. 1414 |
Public Law Reference | Public Law 105-225 |
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On dissolution or final liquidation of the corporation, any assets remaining after the discharge of all liabilities shall be used by the board of directors for the purposes stated in section 152302 of this title or be transferred to a recognized educational foundation.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1414.)
Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
---|---|---|
152312 | 36:675. | Aug. 1, 1956, ch. 824, §15, 70 Stat. 797. |
The word “satisfaction” is omitted as included in “discharge”, and the word “obligations” is omitted as included in “liabilities”. The word “outstanding” is omitted as unnecessary.
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