Title 36 — Patriotic and National Observances, Ceremonies, and Organizations
Part B · Chapter 405 — Congressional Medal of Honor Society of the United States of America
§ 40511. Distribution of assets on dissolution or final liquidation
Statutory text
On dissolution or final liquidation of the corporation, any assets remaining after the discharge of all liabilities shall be distributed as provided by the board of directors, but in compliance with the bylaws.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Pub. L. 105–225 · 112 Stat. 1253
Enacted · 36 U.S.C. § 40511
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1335.)
Source evidence
Code source credit
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1335.)
0 of 1 references resolved to an enrolled provision · 1 partial
Notes
historicalAndRevision
| Historical and Revision Notes | ||
|---|---|---|
| RevisedSection | Source (U.S. Code) | Source (Statutes at Large) |
| 40511 | 36:805. | Aug. 14, 1958, Pub. L. 85–642, § 15, 72 Stat. 600. |
The word “satisfaction” is omitted as included in “discharge”, and the word “obligations” is omitted as included in “liabilities”. The words “outstanding” and “all Federal and State laws applicable thereto” are omitted as unnecessary.