State Codes and Statutes
Statutes > Nebraska > Chapter21 > 21-19_12821-19,128. 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. SourceLaws 1996, LB 681, § 128.
