36 USC § 150513
Distribution of assets on dissolution or final liquidation
October 21, 2020
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.
Open Table|
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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