Abstract
Mutual funds (open-end diversified investment companies) have recently become one of this country's fastest growing businesses. Although there is not an established market for mutual fund shares comparable to the stock exchanges for regular securities, there is enough of a "market" to establish buying and selling procedures. Another important characteristic of a mutual fund's buying and selling procedure is that there are virtually no transactions between private individuals. The brokers and dealers of mutual fund shares are normally obligated by contract with the fund to refrain from privately transferring shares offered by a seller to a buyer. Because of these established and somewhat unique buying and selling procedures, the following discussion is devoted to the problem of valuing mutual fund shares for federal estate and gift tax purposes.
Recommended Citation
Ron Sutter,
Valuation of Mutual Fund Shares for Federal Estate and Gift Tax Purposes,
42 Neb. L. Rev. 848
(1963)
Available at: https://digitalcommons.unl.edu/nlr/vol42/iss4/8