New York Order Directing Payment (Unclaimed Dividends) is a court order issued by the Supreme Court of the State of New York that directs a company to pay out funds to unclaimed dividend holders. This order is usually issued when a company fails to pay dividends to shareholders who have an ownership interest in the company. There are two types of New York Order Directing Payment (Unclaimed Dividends): the mandatory order and the discretionary order. The mandatory order is issued when the company has failed to pay dividends to shareholders in accordance with the terms of the dividend declaration. The discretionary order is issued when the court has determined that the company should pay out dividends to unclaimed holders, even though the company has not declared a dividend. This order typically requires the company to pay out a certain amount of money to the unclaimed holders, which can be either the full amount or a portion of the amount originally declared.
New York Order Directing Payment (Unclaimed Dividends)
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How to fill out New York Order Directing Payment (Unclaimed Dividends)?
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