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Current as of January 02, 2024 | Updated by Findlaw Staff
Sec. 10. 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.
Cite this article: FindLaw.com - Indiana Code Title 34. Civil Law and Procedure § 34-31-8-10 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-34-civil-law-and-procedure/in-code-sect-34-31-8-10/
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