Appraiser qualified as a certified business appraiser

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appraiser qualified as a Certified Business Appraiser (CBA), Accredited Senior Appraiser (ASA), CPA accredited in business valuation (CPA/ABV), or Certified Valuation Analyst (CVA), shall each name one independent certified appraiser. If the two appraisers cannot agree upon a value within _____ days, they shall agree upon and appoint a third appraiser within 30 days of reaching a deadlock over the Corporation’s valuation. The Corporation’s final fair market value shall be established by averaging, without weighting, all three appraised values. In any determination of value made after the death of a Shareholder, the value of life insurance death proceeds in excess of the policy's cash surrender value at the time of the decedent's death shall not be taken into account. The Shareholders agree the appraisal process is not to include valuation premiums for control, nor discounts for lack of control or lack of marketability, in establishing fair market value. For purposes of the appraisal, real estate owned by the Corporation shall be valued at its current fair market value, determined by a current real estate appraisal, not its balance sheet value. BB10992-01 02/2015 7
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VALUATION METHOD ALTERNATIVE TWO: FORMULA The following formula shall be used to establish fair market value of the Corporation: [Insert formula here.] For purposes of this formula valuation, life insurance death proceeds paid to the Corporation are not to be considered a corporate asset or included in the Corporation’s revenue or income. VALUATION METHOD ALTERNATIVE THREE: APPRAISAL The Corporation and the departing Shareholder or his/her legal representative, may mutually agree upon an independent business appraiser. If the parties are unable to mutually agree upon an appraiser within __ days from the date of the buy-sell trigger, the parties shall each name an independent business appraiser qualified as a Certified Business Appraiser (CBA), Accredited Senior Appraiser (ASA), CPA accredited in business valuation (CPA/ABV), or Certified Valuation Analyst (CVA), shall each name one independent certified appraiser. If the two appraisers cannot agree upon a value within _____ days, they shall agree upon and appoint a third appraiser within 30 days of reaching a deadlock over the Corporation’s valuation. The Corporation’s final fair market value shall be established by averaging, without weighting, all three appraised values. In any determination of value made after the death of a Shareholder, the value of life insurance death proceeds in excess of the policy's cash surrender value at the time of the decedent's death shall not be taken into account when valuing the Corporation. The Shareholders agree the appraisal process is not to include valuation premiums for control, nor discounts for lack of control or lack of marketability, in establishing fair market value. For purposes of the appraisal, real estate owned by the Corporation shall be valued at its current fair market value determined by a current real estate appraisal, not its balance sheet value.
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  • Summer '17
  • allen dasu
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