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 consistent with the purposes of the corporation and in compliance with the constitution and bylaws of the corporation.
Structure US Code
Title 36— PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS
Subtitle II— Patriotic and National Organizations
CHAPTER 1305— LITTLE LEAGUE BASEBALL, INCORPORATED
§ 130506. Exclusive right to name and emblems
§ 130509. Records and inspection
§ 130510. Statement required in audit report
§ 130512. Liability for acts of officers and agents
§ 130513. Distribution of assets on dissolution or final liquidation