{"identifier":"/us/usc/t36/s152312","title":36,"num":"\u00a7\u202f152312.","heading":"Distribution of assets on dissolution or final liquidation","text":"\u00a7\u202f152312.\nDistribution of assets on dissolution or final liquidation\nOn dissolution or final liquidation of the corporation, any assets remaining after the discharge of all liabilities shall be used by the board of directors for the purposes stated in\nsection 152302 of this title","url":"https://projectusc.org/usc/t36/s152312.html","content":[{"t":"sec","id":"/us/usc/t36/s152312","children":[{"t":"num","text":"\u00a7\u202f152312."},{"t":"heading","text":"Distribution of assets on dissolution or final liquidation"},{"t":"content","text":"\n","children":[{"t":"p","text":"On dissolution or final liquidation of the corporation, any assets remaining after the discharge of all liabilities shall be used by the board of directors for the purposes stated in ","children":[{"t":"ref","text":"section 152302 of this title","href":"/us/usc/t36/s152302","tail":" or be transferred to a recognized educational foundation."}],"tail":"\n"}]},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}