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LSDefine

Simple English definitions for legal terms

ratable

Read a random definition: nonprobate transfer

A quick definition of ratable:

Definition: Ratable means a fair and equal portion of something that needs to be divided or appraised. For example, when selling stocks, the ratable share of the amount that would have been a dividend at the time of distribution is exempt from taxation. In the context of a corporate entity wind-up, any member who has contributed more than their fair share can recover their proportionate share of the surplus contribution.

A more thorough explanation:

Ratable: An amount that can be appraised or apportioned.

1. The Internal Revenue Code § 306 exempts the "ratable share" of the value of a stock from being taxed as income. This means that the amount of the stock's value that would have been attributed to dividend distributions at the time of sale is not taxed.

2. In the context of a corporate entity's wind-up, the California Corporate Code § 8721 allows a member to recover their "ratable share" of the surplus contribution. This means that if an investor contributed more than their proportionate share of the corporation's liabilities, they can receive their share of the surplus contribution.

The term "ratable" refers to an amount that can be divided or apportioned among different parties. In the first example, the Internal Revenue Code exempts the "ratable share" of a stock's value from being taxed. This means that the amount of the stock's value that would have been attributed to dividend distributions is divided among the shareholders and is not taxed as income. In the second example, the California Corporate Code allows a member to recover their "ratable share" of the surplus contribution. This means that the amount of the surplus contribution is divided among the members in proportion to their contributions, ensuring that each member receives a fair share of the assets.

Rape | ratification

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Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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