2017 US Code
Title 36 - Patriotic and National Observances, Ceremonies, and Organizations
Subtitle II - Patriotic and National Organizations
Part B - Organizations
Chapter 1901 - Reserve Officers Association of the United States
Sec. 190112 - Distribution of assets on dissolution or final liquidation

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Citation 36 U.S.C. § 190112 (2017)
Section Name §190112. Distribution of assets on dissolution or final liquidation
Section Text

On dissolution or final liquidation of the corporation, any assets remaining after the discharge of all liabilities shall be divided equally among the then active officers and members.

Source Credit

(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1449.)

Editorial Notes
Historical and Revision Notes
Revised SectionSource (U.S. Code)Source (Statutes at Large)
190112 36:231 (words after 2d comma). June 30, 1950, ch. 431, §11 (words after 2d comma), 64 Stat. 314.

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.

Publication Title United States Code, 2012 Edition, Supplement 5, Title 36 - PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS
Category Bills and Statutes
Collection United States Code
SuDoc Class Number Y 1.2/5:
Contained Within Title 36 - PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS
Subtitle II - Patriotic and National Organizations
Part B - Organizations
CHAPTER 1901 - RESERVE OFFICERS ASSOCIATION OF THE UNITED STATES
Sec. 190112 - Distribution of assets on dissolution or final liquidation
Contains section 190112
Date 2017
Laws In Effect As Of Date January 12, 2018
Positive Law Yes
Disposition standard
Statutes at Large References 64 Stat. 314
112 Stat. 1449
Public Law References Public Law 105-225
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