In re Estate of King

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August 26, 2003

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6211 Security Brokers, Dealers, and Flotation Companies
523120 Securities Brokerage
discount for lack of marketability (DLOM), fair market value (FMV), discount for lack of control (DLOC)
In re Estate of King
668 N.W.2d 6, 2003 Minn. App. LEXIS 1058
US
State Court
Minnesota
Court of Appeals
Phil Williams (for Joseph Glaisyer)
Minge

Summary

Issue is whether discounts for marketability and lack of control should be applied to determine value of minority interest in a closely held corporation.

See Also

Use of fair market value reasonable even where recipient will obtain control

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