2017 US Code
Title 36 - Patriotic and National Observances, Ceremonies, and Organizations
Subtitle II - Patriotic and National Organizations
Part B - Organizations
Chapter 1535 - National Tropical Botanical Garden
Sec. 153513 - Distribution of assets on dissolution or final liquidation
| 36 U.S.C. § 153513 (2017) | ||||||
| §153513. Distribution of assets on dissolution or final liquidation | ||||||
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(a) Allowable Recipients.—On dissolution or final liquidation of the corporation, any assets remaining after the discharge of all liabilities shall be distributed, as decided by the board of trustees, to— (1) the United States Government, to be administered by the Secretary of the Interior under section 100101(a), chapter 1003, and sections 100751(a), 100752, 100753, and 102101 of title 54, United States Code; or (2) a State or local government to be used for a public purpose. (b) Restriction.—A distribution under subsection (a) of this section shall be consistent with the purposes of the corporation and in compliance with the charter and bylaws. |
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(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1427; Pub. L. 109–284, §5(10), Sept. 27, 2006, 120 Stat. 1212; Pub. L. 113–287, §5(i), Dec. 19, 2014, 128 Stat. 3269.) |
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In subsection (a), the words "the discharge of all liabilities" are substituted for "the corporation's liabilities have been satisfied" for consistency in the revised title. In clause (1), the words "as amended and supplemented" are omitted as unnecessary. In subsection (b), the words "and Federal and State laws" are omitted as unnecessary. AMENDMENTS2014—Subsec. (a)(1). Pub. L. 113–287 substituted "section 100101(a), chapter 1003, and sections 100751(a), 100752, 100753, and 102101 of title 54, United States Code" for "the Act of August 25, 1916 (16 U.S.C. 1 et seq.) (known as the National Park Service Organic Act)". 2006—Subsec. (a)(1). Pub. L. 109–284 substituted "(16 U.S.C. 1 et seq.) (known as the National Park Service Organic Act)" for "(16 U.S.C. 1 et seq.), known as the National Park Service Organic Act))". |
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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 1535 - NATIONAL TROPICAL BOTANICAL GARDEN Sec. 153513 - Distribution of assets on dissolution or final liquidation |
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| section 153513 | ||||||
| 2017 | ||||||
| January 12, 2018 | ||||||
| Yes | ||||||
| standard | ||||||
| 78 Stat. 499 112 Stat. 1427 120 Stat. 1212 128 Stat. 3269 |
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| Public Law 88-449, Public Law 105-225, Public Law 109-284, Public Law 113-287 |
