- A nonprofit corporation may:
- Make distributions of its income or assets to its members that are domestic or foreign nonprofit corporations;
- Pay compensation in a reasonable amount to its members, directors, or officers for services rendered; and
- Confer benefits upon its members in conformity with its purposes.
- Nonprofit corporations may make distributions upon dissolution in conformity with article 134 of this title.
Source: L. 97: Entire article added, p. 719, § 3, effective July 1, 1998.