1. The share that an heir or beneficiary receives from the legal distribution of an estate. [Cases: Descent and Distribution 20–51; Wills 521–535. C.J.S. Descent and Distribution §§ 23–59; Wills§§ 967–1028.]
2. The portion (as determined in the partnership agreement) of a partnership’s income, gain, loss, or deduction that is passed through to a partner and reported on the partner’s tax return. [Cases: Internal Revenue 3921; Taxation 1017. C.J.S. Internal Revenue § 429; Taxation§ 1709.]
3. The share of assets or liabilities that a partner or partner’s estate acquires after the partnership has been dissolved. [Cases: Partnership 302, 305, 306. C.J.S. Partnership §§ 344, 346–347, 349–350.]
