36 USC 150513: Distribution of assets on dissolution or final liquidation
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36 USC 150513: Distribution of assets on dissolution or final liquidation Text contains those laws in effect on November 21, 2024
From Title 36-PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONSSubtitle II-Patriotic and National OrganizationsPart B-OrganizationsCHAPTER 1505-NATIONAL CONFERENCE OF STATE SOCIETIES, WASHINGTON, DISTRICT OF COLUMBIA
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§150513. 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 divided equally among the State and territorial societies in the District of Columbia.

( Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1391 .)

Historical and Revision Notes
Revised

Section

Source (U.S. Code)Source (Statutes at Large)
150513 36:417. Apr. 3, 1952, ch. 131, §17, 66 Stat. 41 .

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.