| 释义 |
illegal dividend Illegal dividendA corporation's dividend that is declared in violation of its charter and/or of state laws, typically because of the way it is calculated.Illegal DividendA dividend that is calculated in such a way that it violates either the charter of the corporation or applicable laws. Illegal dividends are sometimes declared, but they may not be distributed.illegal dividend A declared dividend that violates the corporate charter or the laws of the state in which the firm is incorporated. |