3 ms·
What's a "record date"? How is it significant? What other provisions use that term?
by torstenvl 2y ago
What's a "record date"? How is it significant? What other provisions use that term?
- aragonite 2y agoIt's when a company takes a static snapshot of who officially owns shares which is then used to determine who's eligible for things like dividends or voting on company decisions. You'll often see it in dividend declarations (e.g. "shareholders of record as of March 1st will receive ...." Then if you want that dividend, you need to be officially listed as a shareholder by March 1st.)
- pasc1878 2y agoYes but that definition is not in the rule you rewrote - so you need to add to what you wrote. I suspect you will end up with something similar to the original.