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 1525 - NATIONAL SAFETY COUNCIL (§§ 152501 - 152512)
Section 152512 - Distribution of assets on dissolution or final liquidation
View Metadata| Publication 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 1525 - NATIONAL SAFETY COUNCIL Sec. 152512 - Distribution of assets on dissolution or final liquidation |
| Contains | section 152512 |
| 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. 1418. |
| Statutes at Large References | 67 Stat. 573 112 Stat. 1418 |
| 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 distributed as provided by the board of directors, but in compliance with the constitution and bylaws of the corporation.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1418.)
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 152512 | 36:476. | Aug. 13, 1953, ch. 429, §16, 67 Stat. 573. |
The words “dissolution or final liquidation” are substituted [for] “final dissolution or liquidation” for consistency in the revised title. 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. The words “as provided by” are substituted for “in accordance with the determination of” to eliminate unnecessary words. The words “all Federal and State laws applicable thereto” are omitted as unnecessary.
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