36 USC 220552: Dissolution of board of directors of corporation and termination of recognition of national governing bodies
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36 USC 220552: Dissolution of board of directors of corporation and termination of recognition of national governing bodies Text contains those laws in effect on December 20, 2024
From Title 36-PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONSSubtitle II-Patriotic and National OrganizationsPart B-OrganizationsCHAPTER 2205-UNITED STATES OLYMPIC AND PARALYMPIC COMMITTEESUBCHAPTER V-DISSOLUTION OF BOARD OF DIRECTORS OF CORPORATION AND TERMINATION OF RECOGNITION OF NATIONAL GOVERNING BODIES
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§220552. Dissolution of board of directors of corporation and termination of recognition of national governing bodies

(a) Dissolution of Board of Directors of Corporation.-Effective on the date of enactment of a joint resolution described in section 220551(2)(A) with respect to the board of directors of the corporation, such board of directors shall be dissolved.

(b) Termination of Recognition of National Governing Body.-Effective on the date of enactment of a joint resolution described in section 220551(2)(B) with respect to a national governing body, the recognition of the applicable amateur sports organization as a national governing body shall cease to have force or effect.

(Added Pub. L. 116–189, §5(a)(2), Oct. 30, 2020, 134 Stat. 947 .)


Statutory Notes and Related Subsidiaries

Effective Date

Section effective on the date that is 1 year after Oct. 30, 2020, see section 5(c) of Pub. L. 116–189, set out as a note under section 220551 of this title.