Statute · United States Code
36 U.S.C. § 70914 — Distribution of assets on dissolution or final liquidation
36 U.S.C. § 70914
- Type
- Statute
- Source
- United States Code
- Jurisdiction
- Federal
- Date
- 2025-01-06
- Topic
- employee-benefits-and-executive-compensation
On dissolution or final liquidation of the FFA, any assets remaining after the discharge of all liabilities shall be used by the board of directors for the benefit of students of agricultural education or be transferred to a recognized educational foundation.
Citator
36 U.S.C. § 70914 — Distribution of assets on dissolution or final liquidation is in force in the current edition of the Code, and nothing recorded condemns it.
On dissolution or final liquidation of the FFA, any assets remaining after the discharge of all liabilities shall be used by the board of directors for the benefit of students of agricultural education or be transferred to a recognized educational foundation.