Common use of Record Date for Dividends Clause in Contracts

Record Date for Dividends. 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. Notice of the record date shall be given within the period prescribed by the Act in the 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 any dividend shall be at the close of business on the day on which the Board passes the resolution relating to such dividend.

Record Date for Dividends. The Board may, within the period prescribed by the Act, fix in advance a date as the record date for For the purpose of determining shareholders entitled to receive payment of a dividend. Notice of , the board may fix in advance, as the record date shall 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 given within the period prescribed by the Act in the 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 any a dividend shall will be at the close of business on the day on which the Board passes the resolution relating to such dividendthat dividend is passed by the board.

Record Date for Dividends. The Board may, within the period prescribed by the Act, may fix in advance a date, preceding by not more than 50 days the date for the payment of any dividend, as the a record date for the purpose determination of determining shareholders the persons entitled to receive payment of a such dividend. Notice , and notice of the any such record date shall be given within the period prescribed by the Act 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 the shareholders persons entitled to receive payment of any dividend shall be at the close of business on the day on which the Board passes the resolution relating to such dividenddividend is passed by the Board.

Record Date for Dividends. 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. Notice of the record date shall be given within the period prescribed by the Act in the 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 any dividend shall be at the close of business on the day on which the Board passes the resolution relating to such dividend.. SECTION NINE