Use of fair market value reasonable even where recipient will obtain control

Business Valuation UpdateVol. 9 No. 12
Legal and Court Case Update
December 2003
6211 Security Brokers, Dealers, and Flotation Companies
523120 Securities Brokerage
discount for lack of marketability (DLOM), fair market value (FMV), discount for lack of control (DLOC)

In re Estate of King
668 N.W.2d 6, 2003 Minn. App. LEXIS 1058
August 26, 2003
State Court
Court of Appeals
Phil Williams (for Joseph Glaisyer)


In this probate case, the court of appeals upheld the district court’s decision to use fair market value rather than...

See Also

In re Estate of King

Issue is whether discounts for marketability and lack of control should be applied to determine value of minority interest in a closely held corporation.