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2020 US Code
Title 36 - Patriotic and National Observances, Ceremonies, and Organizations
Subtitle II - Patriotic and National Organizations
Part B - Organizations
Chapter 709 - Future Farmers of America
Sec. 70914 - Distribution of assets on dissolution or final liquidation
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| 36 U.S.C. § 70914 (2020) | ||||||
| §70914. Distribution of assets on dissolution or final liquidation | ||||||
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On dissolution or final liquidation of the FFA, any assets remaining after the discharge of all liabilities shall be used by the board of directors for the benefit of students of agricultural education or be transferred to a recognized educational foundation. |
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(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1359; Pub. L. 116–7, §15, Feb. 21, 2019, 133 Stat. 482.) |
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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. EDITORIAL NOTES AMENDMENTS 2019—Pub. L. 116–7 substituted "FFA" for "corporation" and "agricultural education" for "vocational agriculture". |
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| United States Code, 2018 Edition, Supplement 2, 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 709 - FUTURE FARMERS OF AMERICA Sec. 70914 - Distribution of assets on dissolution or final liquidation |
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| section 70914 | ||||||
| 2020 | ||||||
| January 13, 2021 | ||||||
| Yes | ||||||
| standard | ||||||
| 64 Stat. 566 112 Stat. 1359 133 Stat. 482 |
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| Public Law 105-225, Public Law 116-7 |
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