The national convention, by resolution, may declare that the corporate existence will terminate on the occurrence of a specified event and provide for the disposition of any property remaining after the discharge of all liabilities.
The court shall take jurisdiction when—
(1) An authenticated copy of the national convention’s resolution must be filed in the office of the United States District Court for the District of Columbia.
The court shall take jurisdiction when—
(A) the declared event has occurred; and
(B) a petition is filed with the court reciting the relevant facts.
(3) On proof of the facts, the court shall enter an order vesting title and ownership in accordance with the resolution of the national convention.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1485.)
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