Fla. Stat. § 617.1302
Authorized distributions
Chapter 617, Not For Profit Corporations · leg.state.fl.us
Statute text
, (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.
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Text reproduced from the Florida Legislature. Snapshot: 2026-04-12. Verify against the official source before relying on it. This page is informational and is not legal advice.