Bill
Bill > S764
summary
Introduced
01/23/2017
01/23/2017
In Committee
01/23/2017
01/23/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
For legislation relative to the valuation of professional practices in divorce proceedings. The Judiciary.
AI Summary
This bill amends Section 34 of Chapter 208 of the General Laws to provide guidance on how the court should value a professional corporation in divorce proceedings. The bill states that the court shall value the asset as the price at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or sell and both having relevant knowledge of relevant facts. Additionally, the court shall allow key man and marketability discounts when valuing the professional corporation.
Committee Categories
Justice
Sponsors (1)
Last Action
Accompanied a study order, see S2313 (on 03/01/2018)
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/190/S764 |
| Bill | https://malegislature.gov/Bills/190/S764.pdf |
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