Code · U.S. Code · Title 36 - PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS · CHAPTER 801— GENERAL FEDERATION OF WOMEN’S CLUBS · § 80106

§ 80106. Distribution of assets on dissolution

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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.)

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U.S. Code

Exemption from tax on corporations, certain trusts, etc.
§ 501

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Pub. L. 105–225
112 Stat. 1360

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§ 80106

Distribution of assets on dissolution

U.S.C.§ 501

Pub. L.Pub. L. 105–225

Stat.112 Stat. 1360

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