The IMD: a ‘doctrinal weed’ in Delaware appraisal law

BVWireIssue #51-2
December 13, 2006

In his presentation, V.C. Parsons also alluded to the importance of understanding and developing a position on the Implicit Minority Discount, (IMD). At conference-time, three of the five Vice Chancellors were attending an all-day educational seminar on the IMD, which a November academic working paper calls a “doctrinal weed” in the landscape of Delaware appraisal actions. Whatever your opinion on the IMD, Parson urges BV appraisers to be prepared to defend it. For a copy of the academic’s current take on the IMD, click here.

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