1.1.20: Definitions: Net Asset Value Determined by Appraisal

Premium Content
This section of the Encyclopedia of Private Equity is premium content and only available to accounts which have a subscription. If you have an account that has access to this section, please login now.

Register For The Encyclopedia of Private Equity
Encyclopedia of Private Equity & Venture Capital (Monthly Recurring Subscription) Cost: $59.00
Single User - One Year of Complete Access (Best Value) Cost: $495.00

Abstract

Net Asset Value Determined by Appraisal The Determined Price per Share shall be a figure that bears the same proportionate relationship to the net asset value of the Company that one of the Offered Shares bears to the total number of Shares of the Company issued and outstanding (exclusive of Treasury shares). The net value of the Company shall be determined by appraisal. Shareholders shall agree upon one or more appraisers within _______________(____) days following the Offer Date. If within that time they are unable to agree, the Board and the Transferor shall each appoint one appraiser, and the two so appointed shall appoint a third; a decision of a majority of the appraisers shall be final. The fees of appraiser(s) shall be paid by ____________________________. The appraiser(s) shall value real estate, including permanent improvements, at its then fair market value. Standard mechanical...