36 USC § 30712 - Distribution of assets on dissolution or final liquidation
---
identifier: "/us/usc/t36/s30712"
source: "usc"
legal_status: "official_legal_evidence"
title: "36 USC § 30712 - Distribution of assets on dissolution or final liquidation"
title_number: 36
title_name: "PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS"
section_number: "30712"
section_name: "Distribution of assets on dissolution or final liquidation"
chapter_number: 307
chapter_name: "BOARD FOR FUNDAMENTAL EDUCATION"
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. 1324.)"
---
# § 30712. Distribution of assets on dissolution or final liquidation
section 30702 of this title
On dissolution or final liquidation of the corporation, any assets remaining after the discharge of all liabilities shall be used by the board of directors for the purpose stated in or be transferred to a recognized educational foundation.
---
**Source Credit**: (Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1324.)
| RevisedSection | Source (U.S. Code) | Source (Statutes at Large) |
| --- | --- | --- |
| 30712 | 36:515. | July 19, 1954, ch. 536, § 15, 68 Stat. 492. |
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.