§414D-232  Authorized distributions. 
(a)  A 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 part XIII. [L 2001, c 105, pt of §1; am L 2002,
c 130, §58]