Mart v. Severson

Full Text of Court Cases
January 23, 2002
5421 Meat and Fish (Seafood) Markets, Including Freezer Provisioners
445210 Meat Markets
judicial dissolution
fair value, income approach, going concern, liquidation, market approach, noncompete agreement, forced sale, corporate dissolution

Mart v. Severson
95 Cal. App. 4th 521, 115 Cal. Rptr. 2d 717, 2002 Cal. App. LEXIS 791
State Court
Court of Appeals
Stephen A. Stewart (for court) <br> Gregory Barber (for plaintiff) <br> Gregory J. Nachtwey (for defendant)


In voluntary corporate dissolution proceeding, Severson exercised his right under Cal. Corp. Code section 2000 to purchase Mart's shares at their fair value to avoid dissolution.

See Also

Section 2000 Fair Value Assumes a Hypothetical Seller's Covenant Not to Compete

This was a voluntary corporate dissolution proceeding.

Actual Noncompete Agreement Not Relevant to Fair Value Determination

The California Court of Appeals, District 1, reversed the lower court’s determination of fair value in this voluntary dissolution proceeding.