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distribute

v. 1) the dividing up of those assets of an estate or trust when someone has died according to the terms of the deceased's will or trust, or in absence of a will, according to the laws of descent and distribution. 2) division of profits or assets of a corporation or business.

See also: corporation  descent and distribution  probate  trust  will 

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The People's Law Dictionary by Gerald and Kathleen Hill Publisher Fine Communications

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