Legalize§ 150513. Distribution of assets on dissolution or final liquidation
§ 150513. Distribution of assets on dissolution or final liquidation
On dissolution or final liquidation of the corporation, any assets remaining after the discharge of all liabilities shall be divided equally among the State and territorial societies in the District of Columbia.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1391.)
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.
| Historical and Revision Notes | ||
|---|---|---|
| RevisedSection | Source (U.S. Code) | Source (Statutes at Large) |
| 150513 | 36:417. | Apr. 3, 1952, ch. 131, § 17, 66 Stat. 41. |
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