Dividends, Redemptions, and Share Purchases (NY) | Practical Law

Dividends, Redemptions, and Share Purchases (NY) | Practical Law

A Practice Note discussing the actions necessary for a New York corporation to effect a dividend, redemption, or share purchase (also known as a share buyback or share repurchase). It explains the applicable laws, the resources the corporation may use, and the standard of review that New York courts apply when reviewing a dividend, redemption, or share purchase transaction. It also discusses a director's liability for improper distributions and repurchases and how to protect against that liability.

Dividends, Redemptions, and Share Purchases (NY)

Practical Law Practice Note w-000-0080 (Approx. 18 pages)

Dividends, Redemptions, and Share Purchases (NY)

by Practical Law Corporate & Securities
MaintainedNew York
A Practice Note discussing the actions necessary for a New York corporation to effect a dividend, redemption, or share purchase (also known as a share buyback or share repurchase). It explains the applicable laws, the resources the corporation may use, and the standard of review that New York courts apply when reviewing a dividend, redemption, or share purchase transaction. It also discusses a director's liability for improper distributions and repurchases and how to protect against that liability.