{"publisher":"NovaCopilot","source":{"name":"Delaware Code Online","url":"https://delcode.delaware.gov/title8/c001/index.html"},"license":"https://legal.exploreworldai.com/revision","id":"us-delaware:dividends-surplus","jurisdiction":"United States","state":"Delaware","level":"state","question":"When may a Delaware board declare dividends?","answer":"Directors may declare dividends from surplus or, if there is no surplus, from net profits for the current or preceding fiscal year, subject to the capital impairment limitations.","reference":"8 Del. C. § 170","authority":"Delaware Secretary of State","legalKind":"statute","status":"In force at the reading date","readAt":"2026-09-22","relatedRules":[],"relatedCases":[],"canonical":"https://legal.exploreworldai.com/us/delaware/questions/dividends-surplus","version":"us-delaware-v1.0.0","hash":"sha256:2ff23effab3292a8d9b55161236bfc7e75dc9c0775ba071df37b128b1dbb6b94"}