Appropriately Worded Stipulation Results in Value Lower Than Stipulated

Business Valuation Update BVLaw
Legal and Court Case Update
May 1, 2003
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Ricky Lee Gates v. Jeanne Marie Gates
No. 236158 (Mich. App. 2003)
US
State Court
Michigan
Court of Appeals
Wilder

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 ...

See Also

Ricky Lee Gates v. Jeanne Marie Gates

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 ...