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 2303 - VETERANS OF WORLD WAR I OF THE UNITED STATES OF AMERICA, INCORPORATED (§§ 230301 - 230313)
Section 230313 - Termination of existence and distribution of assets
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 2303 - VETERANS OF WORLD WAR I OF THE UNITED STATES OF AMERICA, INCORPORATED Sec. 230313 - Termination of existence and distribution of assets |
Contains | section 230313 |
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. 1485. |
Statutes at Large References | 72 Stat. 375 112 Stat. 1485 |
Public Law References | Public Law 85-530, Public Law 105-225 |
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(a)
(b)
(2) The court shall take jurisdiction when—
(A) the declared event has occurred; and
(B) a petition is filed with the court reciting the relevant facts.
(3) On proof of the facts, the court shall enter an order vesting title and ownership in accordance with the resolution of the national convention.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1485.)
Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
---|---|---|
230313 | 36:779. | July 18, 1958, Pub. L. 85–530, §19, 72 Stat. 375. |
In subsection (a), the words “declare that the corporate existence will terminate on the occurrence of a specified event” are substituted for “declare the event upon which the corporate existence of the organization is to terminate” for clarity. 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.
In subsection (b)(1), the word “duly” is omitted as unnecessary. The word “must” is substituted for “shall” for clarity because the filing is only required if the national convention decides to exercise its discretionary authority under subsection (a).
In subsection (b)(2)(B), the word “relevant” is substituted for “said” for clarity.
In subsection (b)(3), the word “due” is omitted as unnecessary. The word “order” is substituted for “decree” for consistency in the revised title and with other titles of the United States Code. The word “vesting” is substituted for “which shall be effective to vest” to eliminate unnecessary words.
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