36 U.S.C. § 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.
Notes of Decisions
Cited in 1
case, 2006–2006 · leading case: Am. Nat'l Theatre v. Am. Nat'l Theatre Inc., 472 F. Supp. 2d 487 (S.D.N.Y. 2006).
Am. Nat'l Theatre v. Am. Nat'l Theatre Inc., 472 F. Supp. 2d 487 (S.D.N.Y. 2006). “§ 22306 (granting the American Symphony Orchestra League the exclusive right to use “words *492 or phrases required to carry out the duties and powers of the corporation”); 36 U.S.C. § 80106 (granting the “exclusive right to use the names ‘The Big Brothers of America, Big…”
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