can a shareholder get his dividends after being dismissed by the others?
Thnx!
In order to answer your question, we need to understand a few key concepts. First, what are dividends? Dividends are payments made by a corporation to its shareholders from its profits or reserves. They are a way for shareholders to receive a portion of the company's earnings.
Now, let's address your question. If a shareholder is dismissed by the other shareholders, it is important to determine the circumstances of their dismissal. If the dismissal is involuntary and due to a breach of contract or misconduct, the dismissed shareholder may lose certain rights, including the right to receive dividends.
However, if the dismissal is purely a result of differences in opinion or a voluntary decision by the shareholder to leave the company, the dismissed shareholder may still be entitled to receive dividends. This can depend on various factors, such as the company's bylaws, shareholders' agreement, or applicable laws.
To get a definitive answer, it is necessary to review the legal documents related to the company's formation and operation. These documents can include the articles of incorporation, bylaws, shareholders' agreement, and any other relevant contracts. These documents will outline the rights and responsibilities of shareholders, including the conditions under which dividends are paid.
If you are a shareholder facing dismissal or have been dismissed and have concerns about receiving dividends, I recommend consulting with an attorney who specializes in corporate law. They will be able to review the specific details of your situation and provide you with appropriate legal advice based on your jurisdiction and the applicable laws.
Remember, the information provided here is a general explanation and should not be considered legal advice. Seeking professional legal guidance is always the best course of action in situations like this.