The Florida Senate

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.

History.--s. 38, ch. 2009-205.