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The 2024 Florida Statutes (including 2025 Special Session C)

Title XXXVI BUSINESS ORGANIZATIONS Chapter 617 CORPORATIONS NOT FOR PROFIT View Entire Chapter 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.