Unclaimed Dividends. All unclaimed dividends or other moneys payable in respect of a share may be invested or otherwise made use of by the Board of Directors for the benefit of the Company until claimed. The payment by the Board of Directors of any unclaimed dividend or such other moneys into a separate account shall not constitute the Company a trustee in respect thereof. The principal (and only the principal) of an unclaimed dividend or such other moneys shall be, if claimed, paid to a person entitled thereto.
Appears in 3 contracts
Sources: Subscription Agreement (Motus GI Holdings, Inc.), Subscription Agreement (Motus GI Holdings, Inc.), Credit Line Agreement (Check-Cap LTD)