U.S. Code, Title 36, Patriotic Societies and Observances

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Author: "U.S. Congress, Office of the Law Revision Counsel"

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§ 30712. 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 used by the board of directors for the purpose stated in section 30702 of this title or be transferred to a recognized educational foundation.

(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1324.)

Historical and Revision Notes

Revised Section

Source (U.S. Code)

Source (Statutes at Large)

30712     36:515.     July 19, 1954, ch. 536, § 15, 68 Stat. 492.

     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.

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Chicago: "U.S. Congress, Office of the Law Revision Counsel", "§ 30712. 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 August 10, 2022, http://www.originalsources.com/Document.aspx?DocID=4KTJWGA3JBUAN7L.

MLA: "U.S. Congress, Office of the Law Revision Counsel". "§ 30712. 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. 10 Aug. 2022. http://www.originalsources.com/Document.aspx?DocID=4KTJWGA3JBUAN7L.

Harvard: "U.S. Congress, Office of the Law Revision Counsel", '§ 30712. 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 10 August 2022, from http://www.originalsources.com/Document.aspx?DocID=4KTJWGA3JBUAN7L.