Share And Share Alike Legal Definition
Share And Share Alike Legal Definition. 1) a portion of a benefit from a trust, estate, claim or business usually in equal division (or a specifically stated fraction) with others (to my three daughters, in equal shares). This could mean equal division of a benefit from an estate, trust, or gift.
We shared the money between us. It may refer to a portion of a benefit from a trust, estate, claim or business, either equally or in a fractional division with others. This term, first recorded about 1566, alluded to the equal apportioning of spoils and soon was broadened to include equal sharing in the costs of a venture and other undertakings or possessions.
All Named Beneficiaries Are Entitled To An Equal Share.
The term share and share alike, signifies in equal proportions. Used to encourage everyone to have an equal amount of something: In companies and corporations the whole of the capital stock is usually divided into equal proportions called shares.
What Does Share And Share Alike, To Expression Mean?
This could mean equal division of a benefit from an estate, trust, or gift. 1) a portion of a benefit from a trust, estate, claim or business usually in equal division (or a specifically stated fraction) with others (to my three daughters, in equal shares). To be held in equal shares as tenants in common rather than in joint tenancy with a per capita rather than a per stirpes distribution or ownership 2.
To Have, Use Etc (Something That Another Person Has Or Uses);
Consultation, or advice of a legal, medical, or any other professional. Share and share alike definition: 2) a portion of ownership interest in a corporation, represented by a stock certificate stating the number of shares of an issue of the corporation's stock.
2) A Portion Of Ownership Interest In A Corporation, Represented By A Stock Certificate Stating The Number Of Shares Of An Issue Of The Corporation's Stock.
Share law and legal definition. Furthermore, if someone dies before distribution of the estate can occur, that person's share is shared again, divided into equal parts between the remaining beneficiaries. To share and share alike phrase.
I Think The Words Share And Share Alike Make That Sufficiently Clear.
Some legal terms carry their own peculiar definition but others mean exactly what they seem to mean. Shares in public companies have sometimes been held to be real estate, but most usually they are considered as personal property. 512) the testator used the words share and share alike and they were considered as a direction to divide per capita.
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