StacksVerified U.S. federal law reference

36 U.S.C. § 80106 — Distribution of assets on dissolution

Verified against govinfo.gov as of June 20, 2026View official text on govinfo.gov
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.