| Commentary

259 Declaration of dividend

| Commentary

259 Declaration of dividend

In general, the law imposes no time limit on the trustee in which he must declare a dividend; however, once he has served notice of intention to declare a dividend (in which he must state an intention to declare a dividend within 2 months of the last date for proving) he is obliged to do so1, unless there is a pending application to reverse or vary his decision on a proof2. In that case he must not declare a dividend, unless the court gives permission3. It can happen that a

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