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 or be transferred to a recognized educational foundation.
Structure US Code
Title 36— PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS
Subtitle II— Patriotic and National Organizations
CHAPTER 1523— NATIONAL MUSIC COUNCIL
§ 152306. Exclusive right to name, seals, emblems, and badges
§ 152309. Records and inspection
§ 152311. Liability for acts of officers and agents
§ 152312. Distribution of assets on dissolution or final liquidation