36 U.S.C. § 200313

Current through P.L. 118-107 (published on www.congress.gov on 11/21/2024)

Section 200313 - 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 distributed as provided by the council of administration, but in compliance with the constitution and bylaws of the corporation.

36 U.S.C. § 200313

Pub. L. 105-225, 112 Stat. 1455.

HISTORICAL AND REVISION NOTES
Revised Section	Source (U.S. Code)	Source (Statutes at Large)
200313	36:549.	Aug. 20, 1954, ch. 774, §19, 68 Stat. 752.

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. The words "as provided by" are substituted for "in accordance with the determination of" to eliminate unnecessary words. The words "and all Federal and States laws applicable thereto" are omitted as unnecessary.