36 U.S. Code § 80106 - Distribution of assets on dissolution

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On dissolution of the corporation, the board of directors shall liquidate and distribute its assets to organizations qualified as exempt organizations under section 501(c)(3) of the Internal Revenue Code of 1986 (26 U.S.C. 501 (c)(3)) with purposes similar to those of the corporation.

Source

(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1360.)

Historical and Revision Notes
Revised Section Source (U.S. Code) Source (Statutes at Large)
80106
36:3501(c).
Mar. 3, 1901, ch. 860, § 1(c), as added Aug. 7, 1986, Pub. L. 99–376, § 1(3), 100 Stat. 804.

 

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