| Commentary

183 Payment of dividends

| Commentary

183 Payment of dividends

Declared dividends must be paid in cash and shareholders can object to any other way of payment1. The method of payment can be laid down in the company’s articles. The model articles for private and public companies provide that dividends must be paid by one or more of the following means2:

  1. 183.1

        transfer to a bank or building society account specified by the distribution recipient3;

  2. 183.2

        posting a cheque made payable to the distribution recipient to him at his registered address (if he is a shareholder), or (in any other case) to an address which he

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