§ 6-110. Shares of stock and dividends prohibited.
A corporation organized under this Code shall not authorize or issue shares of stock. No dividend shall be paid and no part of the income of a corporation shall be distributed to its members, directors, or officers. A corporation may pay compensation, including pensions, in a reasonable amount to its members, directors, or officers for services rendered, and may confer benefits upon its members, directors, or officers when eligible as beneficiaries under generally applicable program policies and guidelines in conformity with its purposes and all applicable ethics, conflicts, disclosure rules, policies and laws and, upon dissolution or final liquidation, may make distribution to its members or other organizations as permitted by this Code. ONCA 21-27, eff. Apr. 6, 2021.