Paragraph 55
United Kingdom
The plan must provide that dividend shares are shares—
(a)
of the same class and carrying the same rights as the shares in respect of which the dividend is paid, and
(b)
which are not subject to any provision for forfeiture.
Notes on Schedule 8
Textual amendments
- F1
Sch. 8 repealed (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by Income Tax (Earnings and Pensions) Act 2003 (c. 1), Sch. 8 Pt. 1 (with Sch. 7)