Common use of Record Date for Distributions Clause in Contracts

Record Date for Distributions. The date fixed by the Board of Directors of the Corporation for closing the transfer books of the Corporation shall constitute the record date for the determination of the Stockholders entitled to receive the payment or distribution of dividends or the distribution of rights.

Appears in 3 contracts

Sources: Voting Trust Agreement (Sommers James), Voting Trust Agreement (Stephens Group Inc), Voting Trust Agreement (Stephens Group Inc)