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.
Structure US Code
Title 36— PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS
Subtitle II— Patriotic and National Organizations
CHAPTER 1103— JEWISH WAR VETERANS, U.S.A., NATIONAL MEMORIAL, INCORPORATED
§ 110307. Records and inspection
§ 110309. Liability for acts of officers and agents
§ 110310. Distribution of assets on dissolution or final liquidation