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36 U.S.C. § 170111 — Distribution of assets on dissolution or final liquidation

submitted 28 years ago by Pub. L. 105-225 to r/title-36-PATRIOTIC-AND-NATIONAL-OBSERVANCES-CEREMONIES-AND-ORGANIZATIONS · 42 words · no verdicts yet

in plain englishAI-generated · not legal advice

After the corporation is dissolved or finally liquidated, assets left after all liabilities are paid or adequately provided for must go to the Secretary of Veterans Affairs for paralyzed veterans' care and comfort. The remaining assets must be used as stated.

When the corporation is dissolved or finally liquidated, any assets left after all liabilities have been paid or adequate arrangements have been made to pay them must be transferred to the Secretary of Veterans Affairs. The Secretary must use them for the care and comfort of paralyzed veterans.
the actual law source: uscode.house.gov ↗public domain

On dissolution or final liquidation of the corporation, any assets remaining after the discharge or satisfactory provision for discharge of all liabilities shall be transferred to the Secretary of Veterans Affairs to be applied to the care and comfort of paralyzed veterans.

Source credit: (Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1442.)

history & why it existsrecord from the source credit
  • 1998Enacted · Pub. L. 105-225 · 112 Stat. 1442

A history note hasn’t been published yet. The record shows enactment by Pub. L. 105-225 on 1998-08-12.

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