36 USC § 220315 - Distribution of assets on dissolution or final liquidation

---
identifier: "/us/usc/t36/s220315"
source: "usc"
legal_status: "official_legal_evidence"
title: "36 USC § 220315 - Distribution of assets on dissolution or final liquidation"
title_number: 36
title_name: "PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS"
section_number: "220315"
section_name: "Distribution of assets on dissolution or final liquidation"
chapter_number: 2203
chapter_name: "UNITED STATES CAPITOL HISTORICAL SOCIETY"
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. 1465.)"
---


# § 220315. 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 distributed as provided by the board of trustees, but in compliance with the constitution and bylaws of the corporation.

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**Source Credit**: (Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1465.)

| RevisedSection | Source (U.S. Code) | Source (Statutes at Large) |
| --- | --- | --- |
| 220315 | 36:1214. | Oct. 20, 1978, Pub. L. 95–493, § 14, 92 Stat. 1646. |

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