35-2-1402 . Authorized distributions. (1) A mutual benefit corporation may purchase its memberships if after the purchase is completed: (a) the corporation would be able to pay its debts as they become due in the usual course of its activities; and (b) the corporation's total assets would at least equal the sum of its total liabilities. (2) Corporations may make distributions upon dissolution in conformity with part 7 of this chapter.
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