36 USC § 150713 - Distribution of assets on dissolution or final liquidation
---
identifier: "/us/usc/t36/s150713"
source: "usc"
legal_status: "official_legal_evidence"
title: "36 USC § 150713 - Distribution of assets on dissolution or final liquidation"
title_number: 36
title_name: "PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS"
section_number: "150713"
section_name: "Distribution of assets on dissolution or final liquidation"
chapter_number: 1507
chapter_name: "NATIONAL CONFERENCE ON CITIZENSHIP"
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. 1394.)"
---
# § 150713. 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 transferred by the board of directors to a recognized agency or agencies engaged in the furtherance and advancement of citizenship.
---
**Source Credit**: (Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1394.)
| RevisedSection | Source (U.S. Code) | Source (Statutes at Large) |
| --- | --- | --- |
| 150713 | 36:445. | Aug. 13, 1953, ch. 427, § 15, 67 Stat. 565. |
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.