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Document summary:
This case presented the issue of how to value an insurance agency where the insurance agent is an exclusive agent, representing only one company, and thus there is no business to sell or transfer. The husband's expert valued the business at $18,950. The wife's expert valued the business at $100,000 as a going concern. The appellate court held that the agency still had value to the husband above and beyond a salary or the net worth of the agency's fixed assets, which could be sold. Hambly v. Hamby, No. COA00-151 (N.C. Ct. App. June 5, 2001).
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