California § 1263.320. 1263.320. (Amended by Stats. 1992, Ch. 7, Sec. 2.)

California Statutes

§ 1263.320. — 1263.320. (Amended by Stats. 1992, Ch. 7, Sec. 2.)

California·Code CCP Code of Civil Procedure - CCP·Title 7.·Part 3. TITLE 7. EMINENT DOMAIN LAW·Ch. 9. CHAPTER 9. Compensation·Art. 4. ARTICLE 4. Measure of Compensation for Property Taken

(a)The fair market value of the property taken is the highest price on the date of valuation that would be agreed to by a seller, being willing to sell but under no particular or urgent necessity for so doing, nor obliged to sell, and a buyer, being ready, willing, and able to buy but under no particular necessity for so doing, each dealing with the other with full knowledge of all the uses and purposes for which the property is reasonably adaptable and available.

(b)The fair market value of property taken for which there is no relevant, comparable market is its value on the date of valuation as determined by any method of valuation that is just and equitable.

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(a)
The fair market value of the property taken is the highest price on the date of valuation that would be agreed to by a seller, being willing to sell but under no particular or urgent necessity for so doing, nor obliged to sell, and a buyer, being ready, willing, and able to buy but under no particular necessity for so doing, each dealing with the other with full knowledge of all the uses and purposes for which the property is reasonably adaptable and available.
(b)
The fair market value of property taken for which there is no relevant, comparable market is its value on the date of valuation as determined by any method of valuation that is just and equitable.

California § 1263.320. (1263.320. (Amended by Stats. 1992, Ch. 7, Sec. 2.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.