Actual Non-Compete Agreement Not Relevant to Fair Value Determination

Business Valuation Update BVLaw
Legal and Court Case Update
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
US
State Court
California
Court of Appeals
Stephen A. Stewart (for court) <br> Gregory Barber (for plaintiff) <br> Gregory J. Nachtwey (for defendant)
Haerle

Summary

The California Court of Appeals, District 1, reversed the lower court’s determination of fair value in this voluntary dissolution proceeding. The lower court declined to find, as determined by the panel of the appraisers, the fair value was the going con ...

See Also

Mart v. Severson

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.