§ 70512. Deposit of assets on dissolution or final liquidation

Latest version.

On dissolution or final liquidation of the corporation, any assets remaining after the discharge of all liabilities shall be deposited in the Treasury of the United States as a miscellaneous receipt.

(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1354.)

Historical And Revision

Historical and Revision Notes
70512	36:585.	Aug. 24, 1954, ch. 911, § 15, 68 Stat. 800.

Historical and Revision Notes

70512

36:585.

Aug. 24, 1954, ch. 911, § 15, 68 Stat. 800.

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.

                    
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