Most States Reject Discounts in Appraisals and Oppression Cases—But There Are Important Exceptions

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American Society of Appraisers Business Valuation Review™
Summer 2022 Volume 41, Issue 2 pp. 67-80
Gilbert E. Matthews, MBA, CFA

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discounts & premiums
discount for lack of control (DLOC), fair value, shareholder oppression, appraisal, discount, discount for lack of marketability (DLOM), discount for minority interest, discounts & premiums, minority discount, dissolution

Summary

This article discusses, on a state-by-state basis, the rejection and acceptance of discounts for minority interest and lack of marketability in appraisals and in oppression and voluntary withdrawal cases. Discounts for lack of marketability at the shareholder level are rejected in most jurisdictions, but some states, including California and New York, still permit them.
Most States Reject Discounts in Appraisals and Oppression Cases—But There Are Important Exceptions
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