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.
Florida Legal Code