US (United States) Code. Title 36. Subtitle II. Part B. Chapter 1525: National safety council

Codificación normativa de {EEUU}. Legislación federal estadounidense # Patriotic and national observances, ceremonies, and organizations

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−CITE− 36 USC CHAPTER 1525 − NATIONAL SAFETY COUNCIL 01/06/03 −EXPCITE− TITLE 36 − PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS Subtitle II − Patriotic and National Organizations Part B − Organizations CHAPTER 1525 − NATIONAL SAFETY COUNCIL −HEAD− CHAPTER 1525 − NATIONAL SAFETY COUNCIL −MISC1− Sec. 152501. Organization. 152502. Purposes. 152503. Membership. 152504. Governing body. 152505. Powers. 152506. Exclusive right to name, seals, emblems, and badges. 152507. Restrictions. 152508. Principal office. 152509. Records and inspection. 152510. Service of process. 152511. Liability for acts of officers and agents. 152512. Distribution of assets on dissolution or final liquidation.

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−End− −CITE− 36 USC Sec. 152501 01/06/03 −EXPCITE− TITLE 36 − PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS Subtitle II − Patriotic and National Organizations Part B − Organizations CHAPTER 1525 − NATIONAL SAFETY COUNCIL −HEAD− Sec. 152501. Organization −STATUTE− (a) Federal Charter. − National Safety Council (in this chapter, the "corporation") is a federally chartered corporation. (b) Perpetual Existence. − Except as otherwise provided, the corporation has perpetual existence. −SOURCE− (Pub. L. 105−225, Aug. 12, 1998, 112 Stat. 1415.) −MISC1− HISTORICAL AND REVISION NOTES −−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−− Revised Source (U.S. Code) Source (Statutes at Large) Section −−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−− 152501 36:461. Aug. 13, 1953, ch. 429, Secs. 1, 2, 67 Stat. 569.

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36:462. −−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−− This section is substituted for the source provisions for consistency in the revised title and to eliminate unnecessary and executed words. −End− −CITE− 36 USC Sec. 152502 01/06/03 −EXPCITE− TITLE 36 − PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS Subtitle II − Patriotic and National Organizations Part B − Organizations CHAPTER 1525 − NATIONAL SAFETY COUNCIL −HEAD− Sec. 152502. Purposes −STATUTE− The purposes of the corporation are − (1) to further, encourage, and promote methods and procedures leading to increased safety, protection, and health among employees, employers, and children in industries, on farms, in schools and colleges, in homes, on streets and highways, in recreation, and in other public and private places; (2) to collect, correlate, publish, and disseminate educational and informative reports and all other data related to safety methods and procedures;

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(3) to arouse and maintain the interest of the people of the United States and its territories and possessions in safety and accident prevention, and to encourage the adoption and institution of safety methods by all individuals, corporations, and other organizations; (4) to organize, establish, and conduct programs, lectures, conferences, and other activities for the education of all individuals, corporations, and other organizations in safety methods and procedures; (5) to organize and aid in organizing local safety chapters throughout the United States and its territories and possessions, and to provide organizational guidance and materials to promote the national safety; (6) to cooperate with, enlist, and develop the cooperation of and among all individuals, corporations, and other organizations and agencies, public and private, engaged in, interested in, or in any manner connected with, any of these purposes; and (7) to do any lawful acts necessary, useful, suitable, desirable, and proper for the furtherance and accomplishment of any of these purposes. −SOURCE− (Pub. L. 105−225, Aug. 12, 1998, 112 Stat. 1415.) −MISC1− HISTORICAL AND REVISION NOTES −−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−− Revised Source (U.S. Code) Source (Statutes at Large)

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Section −−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−− 152502 36:463. Aug. 13, 1953, ch. 429, Sec. 3, 67 Stat. 569. −−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−− Before clause (1), the word "object" is omitted as included in "purposes". In clause (2), the words "distribute" and "data" (the first time appearing) are omitted as unnecessary. −End− −CITE− 36 USC Sec. 152503 01/06/03 −EXPCITE− TITLE 36 − PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS Subtitle II − Patriotic and National Organizations Part B − Organizations CHAPTER 1525 − NATIONAL SAFETY COUNCIL −HEAD− Sec. 152503. Membership −STATUTE− (a) Eligibility. − Except as provided in this chapter, eligibility for membership in the corporation and the rights and privileges of members are as provided in the constitution and bylaws of the corporation. (b) Voting. − Each member (except an honorary or sustaining

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member) has one vote on each matter submitted to a vote at a meeting of the members. The corporation may provide in its constitution and bylaws for additional voting rights based on dues paid. −SOURCE− (Pub. L. 105−225, Aug. 12, 1998, 112 Stat. 1415.) −MISC1− HISTORICAL AND REVISION NOTES −−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−− Revised Source (U.S. Code) Source (Statutes at Large) Section −−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−− 152503 36:466. Aug. 13, 1953, ch. 429, Sec. 6, 67 Stat. 571. −−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−− −End− −CITE− 36 USC Sec. 152504 01/06/03 −EXPCITE− TITLE 36 − PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS Subtitle II − Patriotic and National Organizations Part B − Organizations CHAPTER 1525 − NATIONAL SAFETY COUNCIL −HEAD− Sec. 152504. Governing body

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−STATUTE− (a) Board of Directors. − (1) The board of directors is the governing body of the corporation. Between meetings of the corporation, the board is responsible for the general policies and program of the corporation. Except as provided in subsection (c) of this section, the board is responsible for all funds of the corporation. (2) The board shall consist of at least 15 directors. Their manner of selection (including the filling of vacancies) and term of office are as provided in the constitution and bylaws of the corporation. (b) Officers. − (1) The officers of the corporation are a chairman of the board of directors, a president, three or more vice presidents as provided in the constitution and bylaws, a secretary, a treasurer, and an executive vice president. Their duties are as provided in the constitution and bylaws. (2) Except for the executive vice president, the officers shall be elected at the annual meeting of the corporation. The executive vice president shall be elected by the board of directors in the manner provided in the constitution and bylaws. (c) Trustees. − The corporation shall have at least 15 trustees. Their manner of selection and term of office are as provided in the constitution and bylaws. The trustees have full power and control over contributed funds that they raise. −SOURCE− (Pub. L. 105−225, Aug. 12, 1998, 112 Stat. 1416.)

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−MISC1− HISTORICAL AND REVISION NOTES −−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−− Revised Source (U.S. Code) Source (Statutes at Large) Section −−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−− 152504(a) 36:467. Aug. 13, 1953, ch. 429, Secs. 7−9, 67 Stat. 571. 152504(b) 36:468. 152504(c) 36:469. −−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−− In subsection (a), the text of 36:467(a) is omitted as obsolete. In paragraph (1), the word "funds" is substituted for "finance" for consistency in the revised title. −End− −CITE− 36 USC Sec. 152505 01/06/03 −EXPCITE− TITLE 36 − PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS Subtitle II − Patriotic and National Organizations Part B − Organizations CHAPTER 1525 − NATIONAL SAFETY COUNCIL −HEAD− Sec. 152505. Powers −STATUTE−

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The corporation may − (1) adopt and amend a constitution and bylaws for the management of its property and the regulation of its affairs; (2) adopt and alter a corporate seal; (3) adopt and alter seals, emblems, and badges; (4) choose directors, officers, trustees, managers, employees, and agents as the activities of the corporation require; (5) make contracts; (6) acquire, own, lease, encumber, and transfer property as necessary to carry out the purposes of the corporation; (7) borrow money, issue instruments of indebtedness, and secure its obligations by granting security interests in its property; (8) publish a magazine and other publications consistent with the purposes of the corporation; (9) charge and collect membership dues and subscription fees; (10) receive contributions or grants of money or property to be devoted to carrying out the purposes of the corporation; (11) use corporate funds to give prizes, awards, or other evidences of merit or recognition to individuals, corporations, and other organizations, public or private, for outstanding contributions toward the achievement of the purposes of the corporation; (12) organize, establish, and conduct conferences on safety and accident prevention; (13) establish and maintain offices to conduct its activities, charter local, State, and regional safety organizations, and

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establish, regulate, and discontinue departmental subdivisions and local, State, and regional chapters in appropriate places throughout the United States and its territories and possessions; (14) sue and be sued; and (15) do any other act necessary and proper to carry out the purposes of the corporation. −SOURCE− (Pub. L. 105−225, Aug. 12, 1998, 112 Stat. 1416.) −MISC1− HISTORICAL AND REVISION NOTES −−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−− Revised Source (U.S. Code) Source (Statutes at Large) Section −−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−− 152505 36:464. Aug. 13, 1953, ch. 429, Secs. 4, 18, 67 Stat. 570, 574. 36:478. −−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−− In this section, the text of 36:478 is omitted as executed and obsolete. In clause (1), the word "alter" is omitted as unnecessary. The words "not inconsistent with the laws of the United States or any State in which the corporation is to operate" are omitted as unnecessary. In clause (2), the word "use" is omitted as unnecessary.

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In clause (3), the words "use, and display" and "as it may adopt" are omitted as unnecessary. In clauses (4) and (13), the word "activities" is substituted for "business" for consistency in the revised title. Clause (6) is substituted for "take and hold by lease, gift, purchase, grant, devise, or bequest any property, real or personal, necessary for attaining the objects and carrying into effect the purposes of the corporation" and "transfer, encumber, and convey real or personal property" for consistency in the revised title and to eliminate unnecessary words. The words "subject to applicable provisions of law in any State (a) governing the amount or kind of real and personal property which may be held by, or (b) otherwise limiting or controlling the ownership of real or personal property by a corporation operating in such State" are omitted as unnecessary. In clause (7), the words "for the purposes of the corporation" are omitted as unnecessary. The words "issue instruments of indebtedness, and secure its obligations by granting security interests in its property" are substituted for "issue bonds therefor, and secure the same by mortgage" for consistency in the revised title. The words "subject to all applicable provisions of Federal or State law" are omitted as unnecessary. In clause (8), the words "and materials, whether periodic or occasional" are omitted as unnecessary. In clause (11), the word "individuals" is substituted for "persons" for consistency in the revised title. The word

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"associations" is omitted as included in "organizations". In clause (14), the words "complain, and defend in any court of competent jurisdiction" are omitted as unnecessary. In clause (15), the words "and, for such purpose, the corporation shall also have, in addition to the foregoing in this section and subsection, the rights, powers, duties, and liabilities of the existing corporation referred to in section 478 of this title as far as they are not modified or superseded by this chapter" are omitted as unnecessary. −End− −CITE− 36 USC Sec. 152506 01/06/03 −EXPCITE− TITLE 36 − PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS Subtitle II − Patriotic and National Organizations Part B − Organizations CHAPTER 1525 − NATIONAL SAFETY COUNCIL −HEAD− Sec. 152506. Exclusive right to name, seals, emblems, and badges −STATUTE− The corporation and its subordinate divisions and regional, State, and local chapters have the exclusive right to use the name "National Safety Council". The corporation has the exclusive right to use and to allow others to use seals, emblems, and badges the corporation adopts. This section does not affect any vested rights.

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−SOURCE− (Pub. L. 105−225, Aug. 12, 1998, 112 Stat. 1417.) −MISC1− HISTORICAL AND REVISION NOTES −−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−− Revised Source (U.S. Code) Source (Statutes at Large) Section −−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−− 152506 36:477. Aug. 13, 1953, ch. 429, Sec. 17, 67 Stat. 574. −−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−− The words "and such emblems, seals, and badges as have heretofore been used by the Illinois corporation referred to in section 478 of this title in carrying out its program" are omitted as unnecessary. The words "This section does not affect any vested rights" are substituted for "it being distinctly understood, however, that nothing in this chapter shall interfere or conflict with established or vested rights" to eliminate unnecessary words. −End− −CITE− 36 USC Sec. 152507 01/06/03 −EXPCITE− TITLE 36 − PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS Subtitle II − Patriotic and National Organizations Part B − Organizations

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CHAPTER 1525 − NATIONAL SAFETY COUNCIL −HEAD− Sec. 152507. Restrictions −STATUTE− (a) Stock and Dividends. − The corporation may not issue stock or declare or pay a dividend. (b) Political Activities. − The corporation or a director, officer, or agent as such may not contribute to, support, or assist a political party or candidate for public office. (c) Distribution of Income or Assets. − The income or assets of the corporation may not inure to the benefit of, or be distributed to, a director, officer, or member except on dissolution or final liquidation of the corporation. This subsection does not prevent the payment of compensation to an officer in an amount approved by the board of directors. (d) Loans. − The corporation may not make a loan to a director, officer, or employee. Directors who vote for or assent to making a loan to a director, officer, or employee, and officers who participate in making the loan, are jointly and severally liable to the corporation for the amount of the loan until it is repaid. −SOURCE− (Pub. L. 105−225, Aug. 12, 1998, 112 Stat. 1417.) −MISC1− HISTORICAL AND REVISION NOTES −−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−− Revised Source (U.S. Code) Source (Statutes at Large)

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Section −−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−− 152507(a) 36:473. Aug. 13, 1953, ch. 429, Secs. 10, 11, 13, 67 Stat. 572, 573. 152507(b) 36:471. 152507(c) 36:470(a). 152507(d) 36:470(b). −−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−− In subsection (a), the words "any shares of" are omitted as unnecessary. In subsection (b), the word "public" is added for consistency in the revised title. In subsection (c), the words "inure to the benefit of" are substituted for "inure to" for consistency in the revised title. The words "as provided in section 476 of this title" are omitted as unnecessary. The words "This subsection does not prevent" are substituted for "Nothing in this subsection, however, shall be construed to prevent" to eliminate unnecessary words. The words "board of directors" are substituted for "executive committee" because the source provisions for this chapter do not mention an executive committee and, under section 152504 of this title, the governing body of the corporation is the board of directors. −End− −CITE− 36 USC Sec. 152508 01/06/03

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−EXPCITE− TITLE 36 − PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS Subtitle II − Patriotic and National Organizations Part B − Organizations CHAPTER 1525 − NATIONAL SAFETY COUNCIL −HEAD− Sec. 152508. Principal office −STATUTE− The principal office of the corporation shall be in Chicago, Illinois, or another place decided by the board of directors. However, the activities of the corporation are not confined to the place where the principal office is located but may be conducted throughout the States, territories, and possessions of the United States. −SOURCE− (Pub. L. 105−225, Aug. 12, 1998, 112 Stat. 1417.) −MISC1− HISTORICAL AND REVISION NOTES −−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−− Revised Source (U.S. Code) Source (Statutes at Large) Section −−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−− 152508 36:465(a). Aug. 13, 1953, ch. 429, Sec. 5(a), 67 Stat. 570. −−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−

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The word "various" is omitted as unnecessary. −End− −CITE− 36 USC Sec. 152509 01/06/03 −EXPCITE− TITLE 36 − PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS Subtitle II − Patriotic and National Organizations Part B − Organizations CHAPTER 1525 − NATIONAL SAFETY COUNCIL −HEAD− Sec. 152509. Records and inspection −STATUTE− (a) Records. − The corporation shall keep − (1) correct and complete records of account; (2) minutes of the proceedings of its members, board of directors, and committees having any of the authority of its board of directors; and (3) at its principal office, a record of the names and addresses of its members entitled to vote. (b) Inspection. − A member entitled to vote, or an agent or attorney of the member, may inspect the records of the corporation for any proper purpose, at any reasonable time. −SOURCE− (Pub. L. 105−225, Aug. 12, 1998, 112 Stat. 1417.) −MISC1−

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HISTORICAL AND REVISION NOTES −−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−− Revised Source (U.S. Code) Source (Statutes at Large) Section −−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−− 152509 36:474. Aug. 13, 1953, ch. 429, Sec. 14, 67 Stat. 573. −−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−− In this section, the word "records" is substituted for "books and records" for consistency in the revised title and with other titles of the United States Code. −End− −CITE− 36 USC Sec. 152510 01/06/03 −EXPCITE− TITLE 36 − PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS Subtitle II − Patriotic and National Organizations Part B − Organizations CHAPTER 1525 − NATIONAL SAFETY COUNCIL −HEAD− Sec. 152510. Service of process −STATUTE− The corporation shall have a designated agent in the District of Columbia to receive service of process for the corporation. Notice to or service on the agent, or mailed to the business address of

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the agent, is notice to or service on the corporation. −SOURCE− (Pub. L. 105−225, Aug. 12, 1998, 112 Stat. 1417.) −MISC1− HISTORICAL AND REVISION NOTES −−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−− Revised Source (U.S. Code) Source (Statutes at Large) Section −−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−− 152510 36:465(b). Aug. 13, 1953, ch. 429, Sec. 5(b), 67 Stat. 571. −−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−− The word "have" is substituted for "maintain" for consistency in the revised title. The words "at all times" are omitted as unnecessary. The words "to receive" are substituted for "authorized to accept", and the words "is notice to or service on" are substituted for "shall be deemed notice or service upon", for consistency in the revised title. −End− −CITE− 36 USC Sec. 152511 01/06/03 −EXPCITE− TITLE 36 − PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS Subtitle II − Patriotic and National Organizations Part B − Organizations

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CHAPTER 1525 − NATIONAL SAFETY COUNCIL −HEAD− Sec. 152511. Liability for acts of officers and agents −STATUTE− The corporation is liable for the acts of its officers and agents acting within the scope of their authority. −SOURCE− (Pub. L. 105−225, Aug. 12, 1998, 112 Stat. 1418.) −MISC1− HISTORICAL AND REVISION NOTES −−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−− Revised Source (U.S. Code) Source (Statutes at Large) Section −−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−− 152511 36:472. Aug. 13, 1953, ch. 429, Sec. 12, 67 Stat. 573. −−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−− −End− −CITE− 36 USC Sec. 152512 01/06/03 −EXPCITE− TITLE 36 − PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS Subtitle II − Patriotic and National Organizations Part B − Organizations CHAPTER 1525 − NATIONAL SAFETY COUNCIL

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−HEAD− Sec. 152512. Distribution of assets on dissolution or final liquidation −STATUTE− 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. −SOURCE− (Pub. L. 105−225, Aug. 12, 1998, 112 Stat. 1418.) −MISC1− HISTORICAL AND REVISION NOTES −−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−− Revised Source (U.S. Code) Source (Statutes at Large) Section −−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−− 152512 36:476. Aug. 13, 1953, ch. 429, Sec. 16, 67 Stat. 573. −−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−− The words "dissolution or final liquidation" are substituted [for] "final dissolution or liquidation" for consistency in the revised title. The word "satisfaction" is omitted as included in "discharge", and the word "obligations" is omitted as included in "liabilities". The word "outstanding" is omitted as unnecessary. The words "as provided by" are substituted for "in accordance with the determination of" to eliminate unnecessary words. The words

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"all Federal and State laws applicable thereto" are omitted as unnecessary. −End−

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