Indiana § 34-31-8-10 Establishment of fair market value of total gross assets of transferor
corporation

Indiana Statutes

§ 34-31-8-10 — Establishment of fair market value of total gross assets of transferor corporation

Indiana·Title 34 CIVIL LAW AND PROCEDURE·Art. 31 LIMITED LIABILITY·Ch. 8 Limited Liability Concerning Asbestos Related Claims

An innocent successor corporation may establish the fair market value of the total gross assets, including intangible assets, of a transferor corporation to determine limitations under section 8 of this chapter by any reasonable method, including:

(1)by reference to the going concern value of the assets;

(2)by reference to the purchase price attributable to or paid for assets in an arms length transaction; or

(3)in the absence of other readily available information from which the fair market value can be determined, by reference to the value of the assets recorded on a balance sheet.

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An innocent successor corporation may
establish the fair market value of the total gross assets, including
intangible assets, of a transferor corporation to determine limitations
under section 8 of this chapter by any reasonable method, including:
(1) by reference to the going concern value of the assets;
(2) by reference to the purchase price attributable to or paid for
assets in an arms length transaction; or
(3) in the absence of other readily available information from
which the fair market value can be determined, by reference to the
value of the assets recorded on a balance sheet.

Indiana § 34-31-8-10 (Establishment of fair market value of total gross assets of transferor corporation) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.