Closely Held Business May Not Be Divided In-Kind, but Must Be Valued

Business Valuation Update BVLaw
Legal and Court Case Update
March 31, 2004

Access the Full Article

This article is available with a subscription to any of these products:
Already a subscriber?  Login
This article is also available for purchase. (201 words)   Add to Cart >>
Need help? Contact us:
1-503-479-8200 ext 2 or sales@bvresources.com
6552 Land Subdividers and Developers, Except Cemeteries
marital dissolution/divorce
Norberto Menendez v. Nancy M. Rodriguez-Menendez
No. 3D02-1572 (Fla. App. 3 Dist. 2004)
US
State Court
Florida
Court of Appeals
Alice Elizabeth Warwick, Cynthia L. Greene, Maurice Jay Kutner, Rodd M. Berlin
Wells

Summary

The Florida Court of Appeals reversed the lower court’s in-kind distribution of a closely held business between divorcing parties.

See Also

Norberto Menendez v. Nancy M. Rodriguez-Menendez

Full Text of Court Cases
March 31, 2004

The Florida Court of Appeals reversed the lower court’s in-kind distribution of a closely held business between divorcing parties. It found that a distribution that results in leaving the parties financially entangled was intolerable.