VALIDITY OF A CLAUSE IN THE ARTICLES OF ASSOCIATION CONCERNING THE EQUAL DISTRIBUTION OF DIVIDENDS TO THE SHAREHOLDERS OF A LIMITED COMPANY.
The Resolution of 14 April 2021 of the “Dirección General de Seguridad Jurídica y Fe Pública” analyses the validity of a clause in the articles of association which determined that “The distribution of dividends to shareholders shall not be made in proportion to their participation in the share capital, but all shareholders shall be to …