36 U.S.C. § 23112

Current through P.L. 118-107 (published on www.congress.gov on 11/21/2024)

Section 23112 - 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 trustees, but consistent with the purposes of the corporation and in compliance with the charter and bylaws.

36 U.S.C. § 23112

Pub. L. 105-225, 112 Stat. 1314.

HISTORICAL AND REVISION NOTES
Revised Section	Source (U.S. Code)	Source (Statutes at Large)
23112	36:4316.	July 14, 1964, Pub. L. 88-372, §16, 78 Stat. 318.

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.