§ 40706. Distribution of assets on dissolution
(a)
Secretary of the Army.—
On dissolution of the corporation, title to the following items, and the right to possess the items, vest in the Secretary of the Army—
(b)
Tax-Exempt Organizations.—
(1)
On dissolution of the corporation, an asset not described in subsection (a) of this section may be distributed to an organization that—
(c)
Treasury.—
On dissolution of the corporation, any asset not distributed under subsection (a) or (b) of this section shall be sold and the proceeds shall be deposited in the Treasury.