Authorized distributions.
F.S. 617.1302
in effect(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.
Source: FL Statutes (Official Site)URL: https://www.flsenate.gov/Laws/Statutes/2025/Chapter617/AllFetched: 7/8/2026