NY Statutory Fair Value Includes Discounts Only for Less Than 50% Interest

Business Valuation UpdateVol. 18 No. 9
Legal and Court Case Update
September 2012
6411 Insurance Agents, Brokers, and Service
524210 Insurance Agencies and Brokerages
dissenting shareholder

In the Matter of Zulkofske
2012 N.Y. Misc. LEXIS 3088
June 28, 2012
US
State Court
New York
Court of Appeals
Al Diamond (petitioner)
Pines

Summary

New York court determines statutory fair value and buy-out price for insurance agency based on credible expert valuation, but excluding any marketability discount for a 50% interest.

See Also

In the Matter of Zulkofske

: New York court determines statutory fair value and buy-out price for insurance agency based on credible expert valuation, but excluding any marketability discount for a 50% interest.