Simple English definitions for legal terms
Read a random definition: Rehabilitation Act of 1973
Corporate distribution refers to a company giving money or property to its shareholders, like paying dividends. It can also refer to a partnership giving money or property to its partners. When a company is closing down, it may distribute its assets to its owners in a process called liquidation. Probate distribution is when a court divides a deceased person's assets among their heirs. Secondary distribution is when a large block of previously issued stock is sold to the public. Securities-offering distribution is when a company sells new securities to the public through an underwriting agreement with a broker-dealer or informally without brokers. Trust distribution is when a beneficiary of a trust receives money or property.
Corporate distribution refers to the transfer of money or property by a corporation to its shareholders. This can include dividend payments from the corporation's earnings or the distribution of excess capital that is not needed for current operations.
These examples illustrate how corporate distribution can take different forms depending on the situation. In each case, the corporation or partnership is distributing money or property to its shareholders or partners.