36 U.S.C. § 153713 — Distribution of assets on dissolution or final liquidation

When the corporation dissolves or finally liquidates, its assets must be distributed as follows:
(1) All liabilities must be paid and discharged, or enough must be set aside to pay and discharge them.
(2) Assets held under a condition requiring their return or transfer when the corporation dissolves must be returned or transferred as that condition requires.
(3) Assets received and held with a limit allowing use only for charitable, religious, benevolent, educational, or similar purposes, but not under a condition requiring return or transfer at dissolution, must be transferred to one or more suitable domestic or foreign corporations, societies, or organizations under a distribution plan adopted as this chapter provides.
(4) Other assets must be distributed as the articles of incorporation or bylaws provide, but only to the extent those documents state distribution rights of members or a member class, or provide for distribution to others.
(5) Any assets still remaining may be distributed to persons, societies, organizations, or domestic or foreign nonprofit corporations engaged in activities not for profit, under a distribution plan adopted by the council of administration and complying with the constitution and bylaws.