215.24 Minimum net worth. An association shall maintain net worth at an amount not less than the minimum amount established by the division. If an association fails to maintain the minimum net worth required under this section, the division may take appropriate action, including but not limited to ordering the association to take corrective action or to restrict payment of dividends.
History: 1973 c. 205; 1975 c. 359; 1983 a. 167; 1995 a. 27.
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