California Evidence Code 823 – Notwithstanding any other provision of this article, the value of …
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Notwithstanding any other provision of this article, the value of property for which there is no relevant, comparable market may be determined by any method of valuation that is just and equitable.
(Amended by Stats. 1992, Ch. 7, Sec. 4. Effective January 1, 1993.)
Terms Used In California Evidence Code 823
- Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
- value of property: means market value of any of the following:
California Evidence Code 811