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LSDefine

Simple English definitions for legal terms

distribution

Read a random definition: land lease

A quick definition of distribution:

Distribution: When someone dies and leaves behind a will or trust, their assets are divided among the people they named in the document. This is called distribution. It can also refer to when a company pays out profits to its shareholders or when an investment company sells securities and gives the profits to its investors. In an initial public offering, the underwriter sells the securities issued by a corporation.

A more thorough explanation:

Distribution

Distribution refers to the act of dividing assets among beneficiaries as specified in a trust or will by a court. It can also refer to:

When a person creates a trust or will, they may specify how their assets should be distributed among their beneficiaries. For example, a person may leave their house to their children and divide their savings equally among their grandchildren.

When an investment company sells securities, they may distribute the capital gains to their shareholders. For example, if an investment company sells stocks for a profit, they may distribute a portion of that profit to their shareholders.

When a corporation makes a profit, they may distribute some of that profit to their shareholders as dividends. For example, if a corporation makes $1 million in profit, they may distribute $100,000 to their shareholders as dividends.

During an initial public offering, an underwriter may distribute securities issued by a corporation to investors. For example, if a corporation issues 1 million shares during an IPO, the underwriter may distribute those shares to investors who have purchased them.

Distribution is the act of dividing assets among beneficiaries as specified in a trust or will by a court. The examples illustrate how assets can be distributed in different contexts, such as when securities are sold, profits are made, or securities are issued during an IPO. In each case, the distribution involves dividing assets among different parties according to specific rules or agreements.

distributee | distribution of profits

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20:50
-- as an undergrad
crabapple
20:51
@llama: There was one guy who did it successfully last year, I'll see if I can find the post for you. Absolutely not a normal practice though -- nor should it be!
crabapple
20:52
Imagine if you were trying to apply to law school and half the seats were already taken by schmucks from last year's waitlist
20:52
@crabapple: I would LOL. Real shyster move tho, you rite.
20:53
@Arianq4: 1. Move. 2. Pursue other, non legal work, then take a year after UG to work if u wish
20:54
A shyster: is a person who is dishonest or unethical, especially in the practice of law. The term is often used as a derogatory term for lawyers. pinnacle word choice imo.
@crabapple: mich puts it out as an option and said in a waitlist session this year that they want to take more people than normal this way due to app volume
it makes sense for me because I got a new opportunity for a year and figured it wouldn't hurt to ask
was there a vandy wave today? seems like a small one
crabapple
22:26
Oh okay my bad I have never been waitlisted at umich so I wouldn’t know how they do that splish
hey guys
do you think a low gpa automatically disqualifies you
from good law schools
tonkatruck
23:36
no
omelette
0:08
define "good law school:
omelette
0:09
there are plenty of "good" regional non-T14 law schools by employment standards. but i assume u mean T14 or T20
0:46
@ReadyThinWerewolf: Yeah, I mean you got like Berk this year that hasn't dipped under 3.6. Some are like that.
0:46
nm they dipped under for like idk 10 fucking people.
0:46
Yeah, if you dont have at least a 3.7 it means you fucked around and didn't try hard in undergrad.
0:48
Here we will do Yale. 3 people got in lower than a 3.75. So yeah, some schools are practically unreachable without some insane soft if you don't have a good gpa.
@ReadyThinWerewolf: Depends on what you consider a good school and low GPA. For t14, usually but not necessarily. As another said, some schools are very likely a no-go, like Yale and Berk. But Stanford can be a bit of an outlier. But if you’re talking a really low GPA, then you have to reset your expectations and focus on a regional school that will get you what you want
At Berkeley, for instance, a low GPA is essentially an auto-R. They only accept one or two sub 3.0 GPAs a year
2:02
They got a lawyer on next level chef this season. Nice: https://tubitv.com/tv-shows/200189786/s04-e02-home-chef-auditions
2:19
Oh lmfao that's the only episode he is on. R.I.P. Brooklyn State prosecutor.
Does a finding of misconduct and irregularity prevent someone from being a lawyer
2:58
Probably not
3:00
I know a guy who was straight up texting during the LSAT and he is fine. Went to law school last year. Guy probably should not be going to law school but I tutored him so now he is.
Thank you, did lsac find out about it
The texting
i hate this cycle :(
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