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.
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36 U.S. Code § 70512 - Deposit of assets on dissolution or final liquidation
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Revised Section |
Source (U.S. Code) |
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70512 |
36:585. |
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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.