Bill
Bill > S839
summary
Introduced
01/22/2019
01/22/2019
In Committee
01/22/2019
01/22/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
For legislation relative to the valuation of professional practices in divorce proceedings. The Judiciary.
AI Summary
This bill seeks to amend Section 34 of Chapter 208 of the General Laws to provide guidance on the valuation of professional corporations in divorce proceedings. Specifically, it requires the court to value the professional corporation as the price at which the property would change hands between a willing buyer and a willing seller, considering key person and marketability discounts. This change aims to ensure a fair and accurate valuation of professional practices during the division of assets in a divorce.
Committee Categories
Justice
Sponsors (1)
Last Action
Accompanied a study order, see S2496 (on 02/03/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/191/S839 |
| Bill | https://malegislature.gov/Bills/191/S839.pdf |
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