Trusts and Estates

Ca. Trs. & Estates Quarterly 2021, Volume 27, Issue 2

LITIGATION ALERT

By Jeremiah J. Moffit, Esq.,* Catherine M. Swafford, Esq.,* Matthew R. Owens, Esq.,* and Courtney A. Sorensen, Esq.*

BOTH VOTING AND NON-VOTING SHARES OF A CORPORATION MUST BE CONSIDERED WHEN DETERMINING OWNERSHIP FOR PURPOSES OF EXCLUSION FROM PROPERTY TAX REASSESSMENT

Prang v. Amen (2020) 58 Cal.App.5th 246

The Second District Court of Appeal, in determining proportionate ownership interests in property for purposes of exclusion from property tax reassessment, held that both voting and non-voting shares of a corporation must be considered.

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