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S. 616IntroducedSenateHousePresidentLawBecame law
Sec. 8 · S. 616

Deposit of assets on dissolution or final liquidation

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Introduced → Passed the Senate · Sec. 8

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..

•S 616 ESSEC. 8

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