Title 36 — Patriotic and National Observances, Ceremonies, and Organizations
Part B · Chapter 709 — Future Farmers of America
§ 70914. Distribution of assets on dissolution or final liquidation
Statutory text
On dissolution or final liquidation of the FFA, any assets remaining after the discharge of all liabilities shall be used by the board of directors for the benefit of students of agricultural education or be transferred to a recognized educational foundation.
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. § 70914
Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1359
Source evidence
Code source credit
Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1359National FFA Organization’s Federal Charter Amendments Act
Pub. L. 116–7 § 15 · 133 Stat. 478
Substituted · 36 U.S.C. § 70914
Pub. L. 116–7 substituted “FFA” for “corporation”
Substituted · 36 U.S.C. § 70914
Pub. L. 116–7 substituted “agricultural education” for “vocational agriculture”
Source evidence
Code amendment note
Pub. L. 116–7 substituted “FFA” for “corporation” and “agricultural education” for “vocational agriculture”.Enacted provision · exact public law section
SEC. 15. DISTRIBUTION OF ASSETS IN DISSOLUTION OR FINAL LIQUIDATION. Section 70914 of title 36, United States Code, is amended— (1) by striking “corporation” and inserting “FFA”; and (2) by striking “vocational agriculture” and inserting “agricultural education”.
2 of 3 references resolved to an enrolled provision · 1 partial
Notes
historicalAndRevision
| Historical and Revision Notes | ||
|---|---|---|
| RevisedSection | Source (U.S. Code) | Source (Statutes at Large) |
| 70914 | 36:285. | Aug. 30, 1950, ch. 823, § 15, 64 Stat. 566. |
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.
Editorial Notes
Amendments
2019—Pub. L. 116–7 substituted “FFA” for “corporation” and “agricultural education” for “vocational agriculture”.
Credits
1998–2019 · 2 acts
- 1998Pub. L. 105–225, , 112 Stat. 1359
- 2019Pub. L. 116–7, § 15, , 133 Stat. 482.
Show as published
(Pub. L. 105–225, , 112 Stat. 1359; Pub. L. 116–7, § 15, , 133 Stat. 482.)