Resolution - Acceptance by a company of a dividend payable in shares

Description

The right to receive dividends

• 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 company must be the subject of an adoption resolution by its board of directors or, as the case may be, by the shareholders' meeting.
• All corporate resolutions must be kept in the company's minute book.
• The Legal Publicity Act stipulates that companies must promptly update the identification of majority shareholders and ultimate beneficiaries with the Registre des entreprises du Québec (REQ).
• This crucial requirement aims to ensure the transparency and accuracy of public information about companies. By making it easier for the public and authorities to verify their legitimacy, this measure strengthens confidence and security in Quebec's business ecosystem.

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