Andrews Corporate Officers and Directors Liability Litigation Reporter
December 4, 2000
Preferred Stock
Copyright (c) 2000 Andrews Publications
DIVIDEND ACCRUAL MUST BE DAILY, EVEN IF PAID YEARLY, COURT RULES
Smith v. Nu-West Indus.
When Nu-West Industries Inc. redeemed the stock of its preferred shareholders it was obligated to pay dividends on the 11-month period immediately preceding the redemption because the dividends accrued on a daily basis, even though they were paid...
DIVIDEND ACCRUAL MUST BE DAILY, EVEN IF PAID YEARLY, COURT RULES
Smith v. Nu-West Indus.