Us Code § 153513 - Distribution of assets on dissolution or final liquidation
Full text of Us Code United States Code § 153513 — Distribution of assets on dissolution or final liquidation, with citation guidance and answers to common questions.
§ 153513. Distribution of assets on dissolution or final liquidation
(a)
(1) the United States Government, to be administered by the Secretary of the Interior under section 100101(a), chapter 1003, and sections 100751(a), 100752, 100753, and 102101 of title 54, United States Code; or
(2) a State or local government to be used for a public purpose.
(b)
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1427; Pub. L. 109–284, §5(10), Sept. 27, 2006, 120 Stat. 1212; Pub. L. 113–287, §5(i), Dec. 19, 2014, 128 Stat. 3269.)
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 153513 | 36:4614. | Aug. 19, 1964, Pub. L. 88–449, §14, 78 Stat. 499. |
In subsection (a), the words "the discharge of all liabilities" are substituted for "the corporation's liabilities have been satisfied" for consistency in the revised title. In clause (1), the words "as amended and supplemented" are omitted as unnecessary.
In subsection (b), the words "and Federal and State laws" are omitted as unnecessary.
Editorial Notes
Amendments
2014—Subsec. (a)(1). Pub. L. 113–287 substituted "section 100101(a), chapter 1003, and sections 100751(a), 100752, 100753, and 102101 of title 54, United States Code" for "the Act of August 25, 1916 (16 U.S.C. 1 et seq.) (known as the National Park Service Organic Act)".
2006—Subsec. (a)(1). Pub. L. 109–284 substituted "(16 U.S.C. 1 et seq.) (known as the National Park Service Organic Act)" for "(16 U.S.C. 1 et seq.), known as the National Park Service Organic Act))".
About This Section
36 U.S.C. § 153513 is part of Title 36 of the United States Code. The United States Code is the official codification of federal statutes maintained by the Office of the Law Revision Counsel of the U.S. House of Representatives. Congress amends the Code through new public laws, which are eventually incorporated into the relevant title.
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