Assets of a Nonprofit Corporation Valued and Distributed in Divorce

Business Valuation Update BVLaw
Legal and Court Case Update
April 12, 2002
8661 Religious Organizations
813110 Religious Organizations
marital dissolution/divorce

Linda Marie Medlock v. Melvin Eugene Medlock
263 Neb. 666 (2002)
US
State Court
Nebraska
Supreme Court
Gerrard

Summary

The Nebraska Supreme Court determined that a nonprofit religious corporation, funded through real estate transactions, was the alter ego of the controlling director and its assets were subject to equitable distribution in the director’s divorce.

See Also

Linda Marie Medlock v. Melvin Eugene Medlock

The Nebraska Supreme Court determined that a nonprofit religious corporation, funded through real estate transactions, was the alter ego of the controlling director and its assets were subject to equitable distribution in the director’s divorce. In reachi ...