36 U.S. Code § 150513 - Distribution of assets on dissolution or final liquidation

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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.

Source

(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.

 

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