36 USC § 20111 - Use of assets on dissolution or final liquidation

---
identifier: "/us/usc/t36/s20111"
source: "usc"
legal_status: "official_legal_evidence"
title: "36 USC § 20111 - Use of assets on dissolution or final liquidation"
title_number: 36
title_name: "PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS"
section_number: "20111"
section_name: "Use of assets on dissolution or final liquidation"
chapter_number: 201
chapter_name: "AGRICULTURAL HALL OF FAME"
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. 1286.)"
---


# § 20111. Use of assets on dissolution or final liquidation

On dissolution or final liquidation of the corporation, any assets of the corporation remaining after the discharge of all liabilities shall be distributed as provided by the board of governors, but in compliance with the charter and bylaws.

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**Source Credit**: (Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1286.)

| RevisedSection | Source (U.S. Code) | Source (Statutes at Large) |
| --- | --- | --- |
| 20111 | 36:985. | Aug. 31, 1960, Pub. L. 86–680, § 15, 74 Stat. 577. |

The word “satisfaction” is omitted as included in “discharge”, and the word “obligations” is omitted as included in “liabilities”. The words “outstanding” and “all Federal and State laws applicable thereto” are omitted as unnecessary.