All sections · Part V: Shares · Sub-Part IV: Distributions
69 Meaning of „dividend“
(1) In this Act, „dividend“ means every distribution of a company‘s assets to
its members, except distributions by way of —
(a) an issue of shares as fully or partly paid bonus shares;
(b) a redemption or purchase of any of the company‘s own shares or
financial assistance for a purchase of the company‘s own shares;
(c) a reduction of share capital.
(2) For the avoidance of doubt, a dividend may be in the form of money or any
other property.
its members, except distributions by way of —
(a) an issue of shares as fully or partly paid bonus shares;
(b) a redemption or purchase of any of the company‘s own shares or
financial assistance for a purchase of the company‘s own shares;
(c) a reduction of share capital.
(2) For the avoidance of doubt, a dividend may be in the form of money or any
other property.
