Is a shareholder's loan account not a family asset to be valued?
British Columbia, Canada
The following excerpt is from Salminen v. Garvie, 2012 BCSC 407 (CanLII):
In Chapman v. Summer, 2007 BCCA 103, the court held that a shareholder’s loan account was not a family asset to be valued. It was characterized as “a bank account for the parties” (para. 23). The court at para. 24 said this:
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