Summary
The Maine Supreme Court affirmed the lower court's decision to value a real estate holding company at its net asset value. In doing so, it noted that the position that the husband's business should be valued by reference to cash-on-hand was ludicrous.
Robin Kapler v. George Kapler
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Valuation of Business Based on the Company’s Cash on Hand Is 'Ludicrous'
The Maine Supreme Court affirmed the lower court's decision to value a real estate holding company at its net asset value. In doing so, it noted that the position that the husband's business should be valued by reference to cash-on-hand was ludicrous.