
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: 36USC220114]

 
     TITLE 36--PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND 
                              ORGANIZATIONS
 
            Subtitle II--Patriotic and National Organizations
 
                          Part B--Organizations
 
        CHAPTER 2201--UNITED SERVICE ORGANIZATIONS, INCORPORATED
 
Sec. 220114. 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 distributed as 
provided by the board of governors, but in compliance with the bylaws. 
However, the assets of the corporation are irrevocably dedicated to 
charitable purposes and may not inure to the benefit of a private person 
except a fund, foundation, or organization operated exclusively for 
charitable purposes.

(Pub. L. 105-225, Aug. 12, 1998, 112 Stat. 1462.)

                                          Historical and Revision Notes
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           Revised  Section                    Source (U.S. Code)              
 Source (Statutes at Large)
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220114................................  36:1304(c).                      Dec. 2
9, 1979, Pub. L. 96-165, Sec.
                                                                          4(c),
 93 Stat. 1269.
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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. The words ``as 
provided by'' are substituted for ``in accordance with the determination 
of'' for consistency in the revised title. The words ``and all Federal 
and State laws applicable thereto'' are omitted as unnecessary. The word 
``organization'' is substituted for ``association, or corporation'' to 
omit unnecessary words.
