Deposit of assets on dissolution or final liquidation
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No wording changed between Introduced and Passed the Senate.
How the text changed
Section 70512 of title 36, United States Code, is amended to read as follows: 70512. Deposit 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— (a) as provided by the board of directors; and (b) in compliance with the charter and bylaws..
Section 70512 of title 36, United States Code, is amended to read as follows: 70512. Deposit 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— (a) as provided by the board of directors; and (b) in compliance with the charter and bylaws..
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