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U.S. Code, Title 36, Patriotic Societies and Observances
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General SummaryThe U.S. Code is a consolidation and codification by subject matter of the general and permanent laws of the United States. While every effort has been made to ensure that this reproduction of the Code is accurate, those using it for legal purposes should verify their results against the printed version of the Code available through the Government Printing Office.
§ 31111. Distribution of Assets on Dissolution or Final Liquidation
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.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1329.)
Historical and Revision Notes
Revised Section
Source (U.S. Code)
Source (Statutes at Large)
31111 36:705. Aug. 6, 1956, ch. 976, § 15, 70 Stat. 1056.
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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Chicago: "U.S. Congress, Office of the Law Revision Counsel", "§ 31111. Distribution of Assets on Dissolution or Final Liquidation," U.S. Code, Title 36, Patriotic Societies and Observances in U.S. Code, Title 36, Patriotic Societies and Observances (Washington, D.C.: Government Printing Office, 2002), Original Sources, accessed March 29, 2024, http://www.originalsources.com/Document.aspx?DocID=DLUZ9MS8RKV1KKF.
MLA: "U.S. Congress, Office of the Law Revision Counsel". "§ 31111. Distribution of Assets on Dissolution or Final Liquidation." U.S. Code, Title 36, Patriotic Societies and Observances, in U.S. Code, Title 36, Patriotic Societies and Observances, Washington, D.C., Government Printing Office, 2002, Original Sources. 29 Mar. 2024. http://www.originalsources.com/Document.aspx?DocID=DLUZ9MS8RKV1KKF.
Harvard: "U.S. Congress, Office of the Law Revision Counsel", '§ 31111. Distribution of Assets on Dissolution or Final Liquidation' in U.S. Code, Title 36, Patriotic Societies and Observances. cited in 2002, U.S. Code, Title 36, Patriotic Societies and Observances, Government Printing Office, Washington, D.C.. Original Sources, retrieved 29 March 2024, from http://www.originalsources.com/Document.aspx?DocID=DLUZ9MS8RKV1KKF.
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