Nebraska Revised Statute 21-19,128
- Revised Statutes
- Chapter 21
- 21-19,128
Chapter 21
21-19,128.
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.