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n. the act of dividing up the assets of an estate or trust, or paying out profits or assets of a corporation or business according to the ownership percentages. (See: distribute)

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.


1 the apportioning of the estate of a deceased intestate among the persons entitled to share in it.
2 after a bankruptcy order has been made, the trustee, having gathered in the bankrupt's estate, must distribute the assets available for distribution in accordance with the prescribed order of payment. All debts proved in the bankruptcy in the same category of priority rank PARI PASSU. See also CORPORATION TAX.
Collins Dictionary of Law © W.J. Stewart, 2006

DISTRIBUTION. By this term is understood the division of an intestate's estate according to law.
     2. The English statute of 22 and 23 Car. II. c. 10, which was itself probably borrowed from the 118th Novel of Justinian, is the foundation of, perhaps, most acts of distribution in the several states. Vide 2 Kent, Com. 342, note; 8 Com. Dig. 522; 11 Vin. Ab. 189, 202; Com. Dig. Administration, H.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
The distribution has a number of special features and ability to fit the data related to various fields like including testing, biology, ecology, economics, hydrology, engineering and business administration.
However, recently enacted final regulations reshape this theory when distributions from certain qualified trusts (mainly pensions) are involved.
They can roll over the balance into their own IRA and pay no tax, in which case distributions from that IRA before age 59 1/2 will be subject to the 10% penalty unless one of the other exceptions applies.
Extrapolative challenges, such as predicting potential distribution of invasive species, anticipating species' responses to global climate change, and identifying unknown reservoirs or vectors, require different qualities of modeling algorithms; different methods therefore appear to emerge as superior, according to the particular challenge (5).
Distribution: Work-site program, independent agents, MetLife career agents and direct marketing
The distribution must be delivered or postmarked to the charity no later than Dec.
This year's recipients in the Super Large Shipper category were the Army and Air Force Exchange Service (AAFES) Dan Daniel Distribution Center, Newport News, Va., and the Defense Distribution Depot Susquehanna, Pa.
But it doesn't really cost a lot of money to start a record label today because new technology and digital recording have made it possible to record with a lot less equipment than you needed in the old days," says Brian Lassiter, owner of World Premier Distribution and PowerPointe Publishing.
This field trial is designed to allow the participants to evaluate digital distribution and digital exhibition from various perspectives including image quality, viewer response, operational efficiency, security and reporting, network performance and reliability, and the costs related to both network distribution and theater management.
In conjunction with our partners, we have determined the most important issues and identified appropriate leads for each of them, and we have begun building a defense logistics enterprise through a series of joint improvement teams to drive deployment and distribution process enhancements.
In particular, logistics and distribution is only one component of the supply chain, and activities in other areas of the supply chain will have a direct impact on what occurs in the distribution side of the operation.
This distribution is also called Polya-Aeppli distribution.

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