Current through the 2024 Legislative Session
Section 617.1302 - Authorized distributions(1) A mutual benefit corporation may purchase its memberships pursuant to s. 617.0608 only if, after the purchase is completed:(a) The mutual benefit corporation is able to pay its debts as they become due in the usual course of its activities; and(b) The total assets of the mutual benefit corporation at least equal the sum of its total liabilities.(2) A corporation may make distributions upon dissolution in conformity with the dissolution provisions of this chapter.