Summary
The Michigan Court of Appeals considered whether the stipulated value of a business could be reduced for a post-valuation date occurrence. The appellate court affirmed the reduction because the stipulation valued the business at $313,500 “assuming … debt ...
Ricky Lee Gates v. Jeanne Marie Gates
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See Also
Appropriately Worded Stipulation Results in Value Lower Than Stipulated
The Michigan Court of Appeals considered whether the stipulated value of a business could be reduced for a post-valuation date occurrence. The appellate court affirmed the reduction because the stipulation valued the business at $313,500 “assuming … debt ...