36 USC 70512 - Deposit of assets on dissolution or final liquidation

U.S Code last checked for updates: Apr 12, 2026

§ 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.

(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1354; Pub. L. 119–57, § 8, Dec. 12, 2025, 139 Stat. 712.)

cite as: 36 USC 70512