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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 1541 - Naval Sea Cadet Corps
Sec. 154113 - Distribution of assets on dissolution or final liquidation
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| 36 U.S.C. § 154113 (2022) | ||||||
| §154113. 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 constitution and bylaws of the corporation. |
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(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1434.) |
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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. The words "as provided by" are substituted for "in accordance with the determination of" to eliminate unnecessary words. The words "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 1541 - NAVAL SEA CADET CORPS Sec. 154113 - Distribution of assets on dissolution or final liquidation |
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| section 154113 | ||||||
| 2022 | ||||||
| January 5, 2023 | ||||||
| Yes | ||||||
| standard | ||||||
| 76 Stat. 533 112 Stat. 1434 |
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| Public Law 87-655, Public Law 105-225 |
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