§414D-232  Authorized distributions. (a)  A corporation may purchase its memberships if, after the purchase iscompleted:

(1)  The corporation would be able to pay its debts asthey become due in the usual course of its activities; and

(2)  The corporation's total assets would at leastequal the sum of its total liabilities.

(b)  Corporations may make distributions upondissolution in conformity with part XIII. [L 2001, c 105, pt of §1; am L 2002,c 130, §58]