May The Board Cancel A Declared Dividend?
By EsqSocial Corporation 03/05/21
A dividend involves three steps. First, the dividend is declared by the board of directors, second a record date is determined by the board (or by corporate law), and lastly the dividend is paid. Occasionally, the question arises whether a board may cancel a dividend after it has been declared and before either the record or payment dates....
By: Allen Matkins