Calif. Corp Code (CCC) Section 2000 Appraisal
In California, a partner or shareholder owning 50% of a corporation is entitled to begin dissolution measures, even if the other shareholders or partners do not wish to dissolve the corporation. However, California Corporations Code Section 2000 provides the remaining shareholders with an ability to try to stop the dissolution, via purchasing the 50% shares. The remaining shareholders in this case, will apply to the court, seeking the opportunity to buy the former partner out, thus temporarily halting the dissolution process. The court will then assign three business appraisers to value the shares, to arrive at a fair value. The expertise of BEACo's business appraisers has earned our team countless appointments to valuate businesses under court direction, in conjunction with California Corporate Code Section 2000.