
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 36USC152312]

 
     TITLE 36--PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND 
                              ORGANIZATIONS
 
            Subtitle II--Patriotic and National Organizations
 
                          Part B--Organizations
 
                  CHAPTER 1523--NATIONAL MUSIC COUNCIL
 
Sec. 152312. Distribution of assets on dissolution or final 
        liquidation
        
    On dissolution or final liquidation of the corporation, any assets 
remaining after the discharge of all liabilities shall be used by the 
board of directors for the purposes stated in section 152302 of this 
title or be transferred to a recognized educational foundation.

(Pub. L. 105-225, Aug. 12, 1998, 112 Stat. 1414.)

                                          Historical and Revision Notes
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           Revised  Section                    Source (U.S. Code)              
 Source (Statutes at Large)
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152312................................  36:675.                          Aug. 1
, 1956, ch. 824, Sec.  15, 70
                                                                          Stat.
 797.
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    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.
