DISTRIBUTIVE SHARE

distributive share. 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 […]