Text of
legislation filed by MMS for the 2015-16 session of the Massachusetts
Legislature:
Section
34 of Chapter 208 of the General Laws as appearing in the 2008 Official Edition
is hereby amended online 22 by adding after the word marriage the following new
sentence: “In fixing the value of a
professional corporation 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 and the court shall allow key man and marketability
discounts”.
