Dividends; Liquidation Clause Samples
Dividends; Liquidation. The holders of Common Stock shall be entitled to dividends out of funds legally available therefor, when and if declared by the Corporation’s Board of Directors (the “Board of Directors”) in respect of Common Stock, and, upon any voluntary or involuntary liquidation, dissolution or winding up of the Corporation, to share ratably in the assets of the Corporation available for distribution to the holders of Common Stock.
Dividends; Liquidation. The Company has not declared, set aside, or paid any dividend or any other distribution in respect of the Company s capital stock; or made any redemption, purchase or other acquisition of any capital stock of the Company, or any security relating thereto; or taken any steps looking toward the dissolution or liquidation of the Company;