184 Interim dividends

The model articles for private and public companies provide that the directors of the company may decide to pay interim dividends1. As with all dividends, the dividend must be in accordance with the respective rights of all the members2. If the share capital is divided into different classes, the directors may not pay interim dividends on shares carrying deferred or non-preferred rights if, at the time of payment, any preferential dividend is in arrears3. Provided that the directors act bona fide, they cannot be made liable to the holders of shares

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