Failure to consider shareholder loan has no impact on property division

Business Valuation UpdateVol. 10 No. 4
Legal and Court Case Update
April 2004
1731 Electrical Work
238210 Electrical Contractors and Other Wiring Installation Contractors
marital dissolution/divorce
marital dissolution

In re the marriage of Romey
2004 Iowa App. LEXIS 3
January 14, 2004
State Court
Court of Appeals
Patricia Hulting, Thomas Polking


Issues in this marital dissolution were the value of husband’s electrical contracting business, Romey Electric, and the proper treatment of a shareholder loan husband made to the wholly owned S corporation.

See Also

In re the marriage of Romey

Husband's building for business located on personal property not valued separately because it ultimately added little value to the property as a whole.