36 USC 70512: Deposit of assets on dissolution or final liquidation
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36 USC 70512: Deposit 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 705-THE FOUNDATION OF THE FEDERAL BAR ASSOCIATION
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§70512. Deposit 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 deposited in the Treasury of the United States as a miscellaneous receipt.

( Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1354 .)

Historical and Revision Notes
Revised

Section

Source (U.S. Code)Source (Statutes at Large)
70512 36:585. Aug. 24, 1954, ch. 911, §15, 68 Stat. 800 .

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.