{"data":{"id":"us-vt/11b-v.s.a.-13.02","jurisdiction":"us-vt","citation":"11B V.S.A. § 13.02","heading":"Authorized distributions","body":"(a) A mutual benefit corporation may purchase its memberships if after the purchase is completed:\n(1) the corporation would be able to pay its debts as they become due in the usual course of its activities; and\n(2) the corporation’s total assets would at least equal the sum of its total liabilities.\n(b) A public benefit corporation and a mutual benefit corporation may make distributions upon dissolution in conformity with chapter 14 of this title.","path":["Title 11B: Nonprofit Corporations","Chapter 013: Distributions"],"source_url":"https://legislature.vermont.gov/statutes/fullchapter/11B/013","current_through":"2025 session","vintage":"","retrieved_at":"2026-09-05T16:17:57Z","sha256":"57a45e6ec4132da2ca1c3fbb974ef95ce83921b996201e4393641cfbae51e2eb","source_id":"us-vt","stale":false,"prev":"us-vt/11b-v.s.a.-13.01","next":"us-vt/11b-v.s.a.-14.01"},"notice":"GroundRules: Original legal text. Not legal advice."}