proration statute

proration statute
A statute providing that the amount of estate taxes shall be paid out of the estate before its distribution and shall be equitably prorated among the persons interested in the estate to whom benefit accrues, except as the testator directs otherwise in his will. Anno: 26 ALR2d 927; 37 ALR2d 203. See proration of production.

Ballentine's law dictionary. . 1998.

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  • proration of production — An economic measure in oil production to avoid a flooding of the market. The usual type of statute in this field imposes upon a regulatory body the duty of determining from time to time the reasonable market demand for gas and oil, limiting the… …   Ballentine's law dictionary

  • ИМУЩЕСТВО НЕДВИЖИМОЕ — REAL ESTATE, REALTYИ.н. включает в себя землю, постройки и сооружения, постоянно находящиеся на нейИ.н. неюридический термин понятия недвижимая собственность (real property), включающего землю, здания и связанные с их использованием постройки и… …   Энциклопедия банковского дела и финансов

  • direction against apportionment — A special type of tax clause in a will aimed at avoiding or overcoming a statute providing for proration of the estate tax. 28 Am J Rev ed Inher T § 489 …   Ballentine's law dictionary

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