36 U.S.C. § 110310 - U.S. Code - Unannotated Title 36. Patriotic and National Observances, Ceremonies, and Organizations § 110310. Distribution of assets on dissolution or final liquidation

On dissolution or final liquidation of the corporation, any assets remaining after the discharge of all liabilities shall be distributed as provided by the board of directors, but in compliance with the constitution and bylaws of the corporation. This section does not allow assets to be distributed to an officer or employee or to inure to the benefit of a private person.