Ohio Appeals Court Approves Use of Fair Value Standard in Valuing Farm Entities

BVLaw
Court Case Digests
March 29, 2018

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0191 General Farms, Primarily Crop
111998 All Other Miscellaneous Crop Farming
marital dissolution/divorce
buy-sell agreement, expert testimony, fair value, discount for lack of marketability (DLOM), fair market value (FMV), marital estate, minority interest, equitable distribution, discount for lack of control (DLOC)
Tate v. Tate
2018 Ohio App. LEXIS 1340
US
State Court
Ohio
Court of Appeals
John Cook (wife); Cathy Roche (husband)
Wise

Summary

Appeals court upholds valuation of minority interest in farm entities based on fair value standard of value; court notes prevailing expert specifically referenced buy-sell agreements that did not contemplate use of discounts in valuing exiting member’s partial interest.

See Also

Tate v. Tate

Full Text of Court Cases
March 29, 2018

Appeals court upholds valuation of minority interest in farm entities based on fair value standard of value; court notes prevailing expert specifically referenced buy-sell agreements that did not contemplate use of discounts in valuing exiting member’s partial interest.