36 U.S. Code § 70512. Deposit 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 deposited in the Treasury of the United States as a miscellaneous receipt.

Historical and Revision Notes

Revised

Section

Source (U.S. Code)

Source (Statutes at Large)

70512

36:585.

Aug. 24, 1954, ch. 911, § 15, 68 Stat. 800.

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.