Partnership agreement doesn't control value where agreed method abandoned by parties

Business Valuation Update BVLaw
Legal and Court Case Update
December 8, 1998
0212 Beef Cattle, Except Feedlots
112111 Beef Cattle Ranching and Farming
judicial dissolution
fair market value (FMV), partnership agreement

In Re Estate of Bolinger
998 MT 303, 292 Mont. 97, 971 P.2d 767, 1998 Mont. LEXIS 289
US
State Court
Montana
Supreme Court
Trieweiler

Summary

Generally, under Montana law, a partnership agreement controls the rights and duties of the partners. If the partnership agreement states a value, or a method for determining a value, for th ...

See Also

In Re Estate of Bolinger

At issue is whether the decedent's estate was entitled to a share of the ranch partnership that they claim his father had formed with decendent.