36 USC § 150513 - Distribution of assets on dissolution or final liquidation
---
identifier: "/us/usc/t36/s150513"
source: "usc"
legal_status: "official_legal_evidence"
title: "36 USC § 150513 - Distribution of assets on dissolution or final liquidation"
title_number: 36
title_name: "PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS"
section_number: "150513"
section_name: "Distribution of assets on dissolution or final liquidation"
chapter_number: 1505
chapter_name: "NATIONAL CONFERENCE OF STATE SOCIETIES, WASHINGTON, DISTRICT OF COLUMBIA"
part_number: "B"
part_name: "Organizations"
positive_law: true
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1391.)"
---
# § 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.
---
**Source Credit**: (Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1391.)
| RevisedSection | Source (U.S. Code) | Source (Statutes at Large) |
| --- | --- | --- |
| 150513 | 36:417. | Apr. 3, 1952, ch. 131, § 17, 66 Stat. 41. |
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.