
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 36USC153713]

 
     TITLE 36--PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND 
                              ORGANIZATIONS
 
            Subtitle II--Patriotic and National Organizations
 
                          Part B--Organizations
 
CHAPTER 1537--NATIONAL WOMAN'S RELIEF CORPS, AUXILIARY TO THE GRAND ARMY 
                             OF THE REPUBLIC
 
Sec. 153713. Distribution of assets on dissolution or final 
        liquidation
        
    On dissolution or final liquidation of the corporation, its assets 
shall be distributed as follows:
        (1) All liabilities shall be paid and discharged, or adequate 
    provision for payment and discharge shall be made.
        (2) Assets held on condition requiring return or transfer on 
    dissolution of the corporation shall be returned or transferred as 
    required by the condition.
        (3) Assets received and held subject to a limitation permitting 
    use only for charitable, religious, benevolent, educational, or 
    similar purposes, but not held on a condition requiring return or 
    transfer on dissolution of the corporation, shall be transferred to 
    one or more appropriate domestic or foreign corporations, societies, 
    or organizations under a plan of distribution adopted as provided in 
    this chapter.
        (4) Other assets shall be distributed as provided by the 
    articles of incorporation or bylaws to the extent that the articles 
    or bylaws provide the distributive rights of members, or any class 
    of members, or provide for distribution to others.
        (5) Any remaining assets may be distributed to persons, 
    societies, organizations, or domestic or foreign corporations 
    engaged in activities not for profit, as provided in a plan of 
    distribution adopted by the council of administration of the 
    corporation and in compliance with the constitution and bylaws of 
    the corporation.

(Pub. L. 105-225, Aug. 12, 1998, 112 Stat. 1430.)

                                          Historical and Revision Notes
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           Revised  Section                    Source (U.S. Code)              
 Source (Statutes at Large)
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---------------------------------
153713................................  36:1019.                         Sept. 
7, 1962, Pub. L. 87-650, Sec.
                                                                          19, 7
6 Stat. 506.
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    Before clause (1), the word ``applied'' is omitted as included in 
``distributed'' and for consistency in the revised title.
    In clause (1), the word ``obligations'' is omitted as included in 
``liabilities'', and the word ``satisfied'' is omitted as included in 
``discharged''.
    In clauses (2) and (3), the words ``conveyance'' and ``conveyed'' 
are omitted as included in ``transfer'' and ``transferred'', 
respectively.
    In clause (3), the word ``eleemosynary'' is omitted as included in 
``charitable''.
    In clause (5), the words ``and all Federal, State, and District of 
Columbia laws applicable thereto'' are omitted as unnecessary.
