The Revised Act does not consider a stock dividend issued by ZYX Corporation to its stockholders a distribution.

Name: The Revised Act does not consider a stock dividend issued by ZYX Corporation to its stockholders a distribution.
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Question

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The Revised Act typically defines a distribution as a transfer of cash or property to shareholders, and stock dividends do not involve such a transfer, as they are merely an issuance of additional shares.

The Revised Act Does Not Consider a Stock Dividend Issued