36 USC § 70914 - Distribution of assets on dissolution or final liquidation

---
identifier: "/us/usc/t36/s70914"
source: "usc"
legal_status: "official_legal_evidence"
title: "36 USC § 70914 - Distribution of assets on dissolution or final liquidation"
title_number: 36
title_name: "PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS"
section_number: "70914"
section_name: "Distribution of assets on dissolution or final liquidation"
chapter_number: 709
chapter_name: "FUTURE FARMERS OF AMERICA"
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. 1359; Pub. L. 116–7, § 15, Feb. 21, 2019, 133 Stat. 482.)"
---


# § 70914. Distribution of assets on dissolution or final liquidation

On dissolution or final liquidation of the FFA, any assets remaining after the discharge of all liabilities shall be used by the board of directors for the benefit of students of agricultural education or be transferred to a recognized educational foundation.

---

**Source Credit**: (Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1359; Pub. L. 116–7, § 15, Feb. 21, 2019, 133 Stat. 482.)

| RevisedSection | Source (U.S. Code) | Source (Statutes at Large) |
| --- | --- | --- |
| 70914 | 36:285. | Aug. 30, 1950, ch. 823, § 15, 64 Stat. 566. |

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.

## Editorial Notes

### Amendments

2019— substituted “FFA” for “corporation” and “agricultural education” for “vocational agriculture”.