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Statute 21 19 128 — Nebraska Law | CourtGPT
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  6. Statute 21 19 128
Nebraska Legal Code

Statute 21 19 128

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21-19,128. Authorized distributions.(a) A mutual benefit corporation may purchase its memberships if after the purchase is completed:(1) The corporation would be able to pay its debts as they become due in the usual course of its activities; and(2) The corporation's total assets would at least equal the sum of its total liabilities.(b) Corporations may make distributions upon dissolution in conformity with sections 21-19,129 to 21-19,145.Source Laws 1996, LB 681, § 128.