Distribution in United Kingdom
Definition of Distribution
In accordance with the work A Dictionary of Law, this is a description of Distribution :
1. The process of handing over to the beneficiaries their entitlements under a deceased person’s will or on his intestacy.
2. Any payment made by a company to a shareholder out of its distributable profits in cash or kind. It does not include payments made in the course of a winding-up or repayments of the capital originally subscribed or subsequently received by the company.
See also qualifying distributio
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