(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.
History: En. Sec. 133, Ch. 411, L. 1991.