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2022 US Code
Title 36 - Patriotic and National Observances, Ceremonies, and Organizations
Subtitle II - Patriotic and National Organizations
Part B - Organizations
Chapter 405 - Congressional Medal of Honor Society of the United States of America
Sec. 40511 - Distribution of assets on dissolution or final liquidation
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| 36 U.S.C. § 40511 (2022) | ||||||
| §40511. Distribution of assets on dissolution or final liquidation | ||||||
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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 bylaws. |
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(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1335.) |
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The word "satisfaction" is omitted as included in "discharge", and the word "obligations" is omitted as included in "liabilities". The words "outstanding" and "all Federal and State laws applicable thereto" are omitted as unnecessary. |
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| United States Code, 2018 Edition, Supplement 4, 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 405 - CONGRESSIONAL MEDAL OF HONOR SOCIETY OF THE UNITED STATES OF AMERICA Sec. 40511 - Distribution of assets on dissolution or final liquidation |
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| section 40511 | ||||||
| 2022 | ||||||
| January 5, 2023 | ||||||
| Yes | ||||||
| standard | ||||||
| 72 Stat. 600 112 Stat. 1335 |
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| Public Law 85-642, Public Law 105-225 |
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