REGULATIONS CONCERNING TERMINOLOGY, FORMS AND METHODS OF PREPARATION OF FINANCIAL STATEMENTS, ETC. Copyright Roderick Seeman

Article 68. Notes Relating to Dividend Restrictions

1. In those situations where part of the money of the other surplus of Article 59, (excluding the amount which must be transferred as legal earned surplus in the term) is restricted for appropriation for profit dividends based on the provisions of Article 290, Paragraph 1 of the Commercial Code, a note must be made to that effect and on the amount restricted.

2. In those situations where there are matters subject to restrictions based on the provisions of laws other than the Commercial Code, the substance of which is the same as the restrictions based on the provisions of Article 290 of the Commercial Code, the provisions of the previous Paragraph apply mutatis mutandis.

3. In those situations where there are restrictions concerning profit dividends based on contract, there must be a note to that effect in the balance sheet with the substance thereof.