Method of payment of dividends
42(1)Subject to section 41, a corporation may pay a dividend in money or property or by issuing fully paid shares of the corporation.
42(2)If shares of a corporation are issued in payment of a dividend, the declared amount of the dividend stated as an amount in money shall be added to the stated capital account maintained or to be maintained for the shares of the class or series issued in payment of the dividend.
1984, c.17, s.6; 2023, c.2, s.155