A dividend may not be declared if: (i) payment of the dividend would leave the corporation insolvent;

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A dividend may not be declared if: (i) payment of the dividend would leave the corporation insolvent; or (ii) total assets would be less than total liabilities plus the amount needed to satisfy preferential rights of holders with rights superior to those receiving the dividend

Posted Date: May 18, 2024 06:02 PM

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A dividend may not be declared if: (i) payment of the dividend would leave the corporation insolvent;

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