Article 98 - Cell Shares and Share capital
PCC may, in respect of any of its Cells, create and issue Shares the proceeds of the issue of which shall be comprised in the Cellular Assets attributable to the Cell in respect of which the Cell Shares were issued.
(2) The proceeds of the issue of
Shares other than Cell Shares created and issued by a PCC shall be comprised in the PCC's Non-Cellular Assets.
PCC may pay a dividend in respect of its Cell Shares.
(4) Dividends may be paid in respect of
Cell Shares by reference only to the Cellular Assets and liabilities, or the profits, attributable to the Cell in respect of which the Cell Shares were issued; and accordingly, in determining whether or not such a dividend may lawfully be paid, no account need be taken of:
(A) the profits and losses, or the assets and liabilities, attributable to any other
Cell of the PCC; or
(B) non-cellular profits and losses, or assets and liabilities.