A dividend that is declared but is in violation of the corporation's charter and/or state laws, usually due to the manner in which it was calculated.
Related information about illegal dividend:
- Illegal Dividend Definition | Investopedia
A dividend declared by a corporation that is in violation of its charter and/or of state laws. Should such a dividend be declared, the company's board of directors ...
- Illegal Dividend: Definition from Answers.com
dividend declared by a corporations board of directors in violation of its charter or of state laws. Most states, for example, stipulate that dividends.
- Illegal Dividend - Financial Dictionary - The Free Dictionary
A corporation's dividend that is declared in violation of its charter and/or of state laws, typically because of the way it is calculated.
- What is illegal dividend? definition and meaning
Definition of illegal dividend: A dividend that is declared but is in violation of the corporation's charter and/or state laws, usually due to the manner in which it was ...
- Illegal Dividends | UK members | ACCA UK | ACCA
... An explanation of the illegal dividend payment and reasons why the event occurred. For example 'The directors acknowledge illegal dividends were declared ...
- Semple Fraser - When Dividends Don't Pay
Shareholder liability arises on payment of the illegal dividend – there is no requirement for the company to be in formal insolvency for this liability to occur.
- Illegal dividends explained – what are they?
Dec 13, 2010 ... “An illegal dividend can be declared when there are insufficient profits to cover the dividend at the time of payment,” explains James Abbott, ...
- Illegal Dividend | Glossary | VC Experts
Definition of Illegal Dividend. ... Learn More About Illegal Dividend. A star ( Iconstar ) denotes premium content available to encyclopedia subscribers only.