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

§ 150513.
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 divided equally among the State and territorial societies in the District of Columbia.

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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