(1) A nonprofit corporation may:
(a) Make distributions of its income or assets to its members that are domestic or foreign nonprofit corporations;
(b) Pay compensation in a reasonable amount to its members, directors, or officers for services rendered; and
(c) Confer benefits upon its members in conformity with its purposes.
(2) 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.