36 USC § 23112 - Distribution of assets on dissolution or final liquidation

---
identifier: "/us/usc/t36/s23112"
source: "usc"
legal_status: "official_legal_evidence"
title: "36 USC § 23112 - Distribution of assets on dissolution or final liquidation"
title_number: 36
title_name: "PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS"
section_number: "23112"
section_name: "Distribution of assets on dissolution or final liquidation"
chapter_number: 231
chapter_name: "AVIATION 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. 1314.)"
---


# § 23112. 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 consistent with the purposes of the corporation and in compliance with the charter and bylaws.

---

**Source Credit**: (Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1314.)

| RevisedSection | Source (U.S. Code) | Source (Statutes at Large) |
| --- | --- | --- |
| 23112 | 36:4316. | July 14, 1964, Pub. L. 88–372, § 16, 78 Stat. 318. |

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.