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LSDefine

Simple English definitions for legal terms

distribution in kind

Read a random definition: exemplified copy

A quick definition of distribution in kind:

Distribution in kind: When someone gives you something that they own, like a piece of land or a house, instead of giving you money for it. It means you get the thing itself, not the money from selling it.

A more thorough explanation:

Distribution in kind refers to the transfer of property in its original state. This means that instead of receiving the proceeds from the sale of a property, the property itself is transferred to the recipient.

For example, if a parent passes away and leaves their estate to their children, they may choose to distribute the assets in kind. This could mean that instead of selling the family home and dividing the proceeds, the children would each receive a portion of the property itself.

Another example of distribution in kind could be a company distributing shares of stock to its shareholders instead of paying out dividends in cash.

These examples illustrate how distribution in kind involves the transfer of property in its original state, rather than converting it into cash or other assets.

distribution cost | distribution in liquidation

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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