2017 US Code
Title 36 - Patriotic and National Observances, Ceremonies, and Organizations
Subtitle II - Patriotic and National Organizations
Part B - Organizations
Chapter 1525 - National Safety Council
Sec. 152512 - Distribution of assets on dissolution or final liquidation
36 U.S.C. § 152512 (2017) | ||||||
§152512. Distribution of assets on dissolution or final liquidation | ||||||
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. |
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(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1418.) |
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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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United States Code, 2012 Edition, Supplement 5, Title 36 - PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS | ||||||
Bills and Statutes | ||||||
United States Code | ||||||
Y 1.2/5: | ||||||
Title 36 - PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS Subtitle II - Patriotic and National Organizations Part B - Organizations CHAPTER 1525 - NATIONAL SAFETY COUNCIL Sec. 152512 - Distribution of assets on dissolution or final liquidation |
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section 152512 | ||||||
2017 | ||||||
January 12, 2018 | ||||||
Yes | ||||||
standard | ||||||
67 Stat. 573 112 Stat. 1418 |
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Public Law 105-225 |