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When may a Delaware board declare dividends?

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.

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Source

Source
8 Del. C. § 170
Source
Delaware Code Online
Area
Capital and distributions
Source type
statute
Status
In force at the reading date
Authority
Delaware Secretary of State
Checked
2026-09-22

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