Payments of dividend and related mattersE+W
This section has no associated Explanatory Memorandum
147.—(1) The dividend may be distributed simultaneously with the notice declaring it.
(2) Payment of dividend may be made by post, or arrangements may be made with any creditor for it to be paid in another way, or held for collection.
(3) Where a dividend is paid on a bill of exchange or other negotiable instrument, the amount of the dividend must be endorsed on the instrument, or on a certified copy of it, if required to be produced by the holder for that purpose.
Commencement Information
I1Rule 147 in force at 12.11.2021, see rule 2