In Specie Distribution
/ɪn ˈspɪsi dɪstrɪˈbjuːʃən/
Definitions
- (n.) A distribution of assets in their original form rather than in cash or other convertible form, often used in bankruptcy or trust contexts.
The trustee executed an in specie distribution to the creditors, giving them shares instead of a cash payout.
Forms
- in specie distribution
- in specie distributions
Related terms
See also
Commentary
Often used in corporate and insolvency law, specifying in specie distribution avoids ambiguity about the form of the distributed asset.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.