Definition of DISTRIBUTIVE SHARE in Black's Law Dictionary 4th Edition – Legal dictionary – Glossary of legal terms.
Definition of DISTRIBUTIVE SHARE
The share or portion which a given heir receives on the legal distribution of an intestate estate; Van Buren v. Plainfield Trust Co., 130 N.J.Eq. 244, 22 A.2d 189, 191, or from a dissolved partnership. Helvering v. Enright's Estate, 61 S.Ct. 777, 781, 312 U.S. 636, 85 L.Ed. 1093. Sometimes, by an extension of meaning, the share or portion assigned to a given person on the distribution of any estate or fund, as, under an assignment for creditors or under insolvency proceedings.
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That's the definition of DISTRIBUTIVE SHARE in Black's Law Dictionary 4th Edition – Legal dictionary – Glossary of legal terms. Courtesy of Cekhukum.com.
