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PennyMaven

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PennyMaven

Re: Theoriginal7 post# 113496

Tuesday, 10/07/2008 9:03:20 PM

Tuesday, October 07, 2008 9:03:20 PM

Post# of 143047
In my opinion it is illegal to set such a date of record so far back!

Here's a link --- corporate law prohibits setting a date of record more than 60 to 90 days prior to the date of declaration:

http://books.google.com/books?id=GuMUd-YJfrAC&pg=PA300&lpg=PA300&dq=how+far+back+can+the+Board+set+the+date+of+record+for+a+dividend&source=web&ots=lJm4-wewWE&sig=szDDbkIYLoskPU0kWWXCJiDVYxY&hl=en&sa=X&oi=book_result&resnum=1&ct=result


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