---
kind: "section"
citation: "36 U.S.C. § 70914"
title: "36"
title_heading: "Patriotic and National Observances, Ceremonies, and Organizations"
number: "70914"
heading: "Distribution of assets on dissolution or final liquidation"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/36/70914"
units:
  - "Subtitle II — Patriotic and National Organizations"
  - "Part B — Organizations"
  - "Chapter 709 — Future Farmers of America"
---

# §70914. Distribution of assets on dissolution or final liquidation


On dissolution or final liquidation of the FFA, any assets remaining after the discharge of all liabilities shall be used by the board of directors for the benefit of students of agricultural education or be transferred to a recognized educational foundation.


## Source credit

(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1359; Pub. L. 116–7, § 15, Feb. 21, 2019, 133 Stat. 482.)

## Notes

| Historical and Revision Notes |  |  |
| --- | --- | --- |
| Revised<br>Section | Source (U.S. Code) | Source (Statutes at Large) |
| 70914 | 36:285. | Aug. 30, 1950, ch. 823, § 15, 64 Stat. 566. |

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.

### Editorial Notes

### Amendments

2019—Pub. L. 116–7 substituted “FFA” for “corporation” and “agricultural education” for “vocational agriculture”.