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Business Law > Business Corporations > Dividend and bonus > Acceptance of payment of a dividend in shares of the issuer - Resolution

Acceptance of payment of a dividend in shares of the issuer - Resolution

Resolution of the corporate shareholder accepting payment of a dividend in shares of the issuer...more

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Description

  • A legal person who holds shares in an issuing corporation declaring a dividend and whereof payment is in shares, must accept such payment by passing a resolution to that effect.
  • The resolution to accept payment of a dividend in shares, available on this website, meet the needs of most corporations for relatively simple situations.
  • For a more complex situation, please contact  .
  • Any decision concerning a corporation is subject to a resolution to be passed by its board of directors or, as applicable, at the shareholders meeting.
  • Any resolution of the corporation should be recorded and kept in its minute book.

* These fees may be changed within a 60-day notice and in accordance with section 71 of the Code of ethics of notaries.

GST and QST not included.

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