Legalize§ 70512. Deposit of assets on dissolution or final liquidation
§ 70512. Deposit 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 deposited in the Treasury of the United States as a miscellaneous receipt.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1354.)
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) |
| 70512 | 36:585. | Aug. 24, 1954, ch. 911, § 15, 68 Stat. 800. |
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