Topical Terminology > Illegal Dividend
Illegal Dividend
For Illegal Dividend we have terms and definitions in 3 topics. The topics are Finance, Frauds and Scams and Investing.
Illegal Dividend (Finance) 
A corporation's dividend that is declared in violation of its charter and/or of state laws, typically because of the way it is calculated.
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Illegal Dividend (Frauds and Scams)
Dividend declared by the board of directors of a corporation that is in violation of its corporate charter or the state laws in which it is incorporated.
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Illegal Dividend (Investing)
Dividend declared by the board of directors of a corporation that is in violation of its corporate charter or the state laws in which it is incorporated.
See Also: Corporation; Corporate Charter; Director; Dividend; Incorporation
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