503. The election referred to in section 502 is valid only if it is made in prescribed form and prescribed manner for the total amount of the dividend.
1972, c. 23, s. 397; 1975, c. 22, s. 111; 1977, c. 26, s. 61; 1978, c. 26, s. 88; 1984, c. 15, s. 107; 1987, c. 67, s. 120; 2001, c. 53, s. 78.