Us Code § 80106 - Distribution of assets on dissolution
Full text of Us Code United States Code § 80106 — Distribution of assets on dissolution, with citation guidance and answers to common questions.
§ 80106. Distribution of assets on dissolution
On dissolution of the corporation, the board of directors shall liquidate and distribute its assets to organizations qualified as exempt organizations under section 501(c)(3) of the Internal Revenue Code of 1986 (26 U.S.C. 501(c)(3)) with purposes similar to those of the corporation.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1360.)
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 80106 | 36:3501(c). | Mar. 3, 1901, ch. 860, §1(c), as added Aug. 7, 1986, Pub. L. 99–376, §1(3), 100 Stat. 804. |
CHAPTER 803—GIRL SCOUTS OF THE UNITED STATES OF AMERICA
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36 U.S.C. § 80106 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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