CALIFORNIA FAMILY LAW
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Business Interests
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Division of Business Interests
.........Award to Operating Spouse by Request
7 Cards On This Topic:
Award of high risk assets to spouse better able to afford risk affirmed.
Stock in closely held corporation may be awarded to operator spouse despite request by other spouse to divide in-kind.
Coin laundry business properly awarded to spouse best able to operate.
Court may permit spouses who jointly operated business to compete with each other using similar name.
Court may award business to party with technical expertise to run it.
Use of voting trust in division of closely held corporation approved.
Professional practices must be awarded to licensed professional.