Unclaimed Dividends. Any dividend or distribution unclaimed for a period of six years from the date of declaration of such dividend or distribution shall be forfeited and shall revert and belong to the Company and the payment by the Board of any unclaimed dividend or distribution, interest or other sum payable on or in respect of the share into a separate account shall not constitute the Company a trustee in respect thereof.
Appears in 2 contracts
Sources: Agreement and Plan of Amalgamation (Max Capital Group Ltd.), Agreement and Plan of Amalgamation (Ipc Holdings LTD)