Page 274 - Albanian law on entrepreuners and companies - text with with commentary

Title VI
Dividends and Capitalization of Profits

Article 32: Dividends
(1) Subject to the provisions of the Law, the company may by qualified resolution declare
dividends in accordance with the respective rights of the shareholders.
(2) Except as otherwise provided by the rights attached to shares, all dividends shall be
declared and paid according to the amounts paid up on the shares on which the dividend is
paid. All dividends shall be apportioned and paid proportionately to the amounts paid up on
the shares during any portion or portions of the period in respect of which the dividend is
paid; but, if any share is issued on terms providing that it shall rank for dividend as from a
particular date, that share shall rank for dividend accordingly.
(3) No dividend or other moneys payable in respect of a share shall bear interest against the
company unless otherwise provided by the rights attached to the share.
(4) Any dividend which has remained unclaimed for twelve years from the date when it
became due for payment shall, if the General Meeting so decides by qualified resolution, be
forfeited and cease to remain owing by the company.

Article 33: Capitalization of Profits
With the authority of a qualified resolution of the General Meeting and considering the
principles established by Article 14 of the Law, Managing Directors may resolve to
capitalize any undivided profits of the company not required for paying any preferential
dividend or any sum required for any legal or capital reserve.

Title VII
Dissolution and Notices

Article 34: Dissolution and Liquidation
If the company is wound up, the liquidator may, with the sanction of a qualified resolution
of the General Meeting and in accordance with the Law, divide among the shareholders in
specie the whole or any part of the assets of the company and may, for that purpose, value
any assets and determine how the division shall be carried out as between the shareholders
or different classes of shareholders.

Article 35: Notices
(1) Any notice to be given to or by any person pursuant to the Statute shall be in writing or
shall be given using electronic communications to an address in accordance with Article 4
(2) of this Statute for the time being notified for that purpose to the person giving the notice.
(3) The company may give any notice to a shareholder either personally or by sending it by
post in a prepaid envelope addressed to the shareholder at his registered address or by
leaving it at that address or by giving it using electronic communications to an address for

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