Common use of Record Date for Dividends Clause in Contracts

Record Date for Dividends. For the purpose of determining shareholders entitled to receive payment of a dividend, the board may fix in advance, as the record date for that determination, a date that is not more than 60 days before the date for the payment of the dividend or that is within such other period as may be prescribed by the Act. If no record date is so fixed, the record date for the determination of shareholders entitled to receive payment of a dividend will be at the close of business on the day on which the resolution relating to that dividend is passed by the board.

Record Date for Dividends. For The Board may, within the period prescribed by the Act, fix in advance a date as the record date for the purpose of determining shareholders entitled to receive payment of a dividend, the board may fix in advance, as . Notice of the record date for that determination, a date that is not more than 60 days before shall be given within the date for period prescribed by the payment of Act in the dividend or that is within such other period as may be prescribed manner provided by the Act. If no record date is so fixed, the record date for the determination of the shareholders entitled to receive payment of a any dividend will shall be at the close of business on the day on which the Board passes the resolution relating to that dividend is passed by the boardsuch dividend.

Record Date for Dividends. For the purpose of determining shareholders entitled to receive payment of a dividend, the board The Board may fix in advanceadvance a date, as the record date for that determination, a date that is preceding by not more than 60 50 days before the date for the payment of any dividend, as a record date for the dividend or that is within determination of the persons entitled to receive payment of such other period as may dividend, and notice of any such record date shall be prescribed given not less than seven days before such record date in the manner provided by the Act. If no record date is so fixed, the record date for the determination of shareholders the persons entitled to receive payment of a any dividend will shall be at the close of business on the day on which the resolution relating to that such dividend is passed by the boardBoard.