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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.
§ 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 July 1, 2025, 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. 1 Jul. 2025. 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 1 July 2025, from http://www.originalsources.com/Document.aspx?DocID=4KTJWGA3JBUAN7L.
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