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36 U.S.C. § 220315 — 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 · 38 words · no verdicts yet
in plain englishAI-generated · not legal advice
If the U.S. Capitol Historical Society dissolves, its remaining assets after paying debts go where the board of trustees directs, following the corporation's constitution and bylaws.
When the corporation dissolves or winds up for good, any assets left after paying all debts must be distributed as the board of trustees decides, following the corporation's constitution and bylaws.
the actual law source: uscode.house.gov ↗public domain
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 trustees, but in compliance with the constitution and bylaws of the corporation.
Source credit: (Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1465.)
history & why it existsrecord from the source credit
- 1998Enacted · Pub. L. 105-225 · 112 Stat. 1465
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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