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When Is E&P Measured for Purposes of Determining Whether a Distribution

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When is E&P measured for purposes of determining whether a distribution is a dividend?


Definitions:

Insanity

A legal term denoting that a person cannot be held responsible for their actions due to psychiatric disorders.

Schizophrenic Disorder

A long-term mental disorder involving a breakdown in the relation between thought, emotion, and behavior, leading to faulty perception, inappropriate actions and feelings, withdrawal from reality and personal relationships into fantasy and delusion, and a sense of mental fragmentation.

Antisocial Personality Disorder

A mental condition where a person consistently shows no regard for right and wrong and ignores the rights and feelings of others.

Unfit to Stand Trial

A legal determination that a person is not mentally capable of participating in their defense due to mental illness or incapacity.

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