Unit Valuation Rule Law and Legal Definition
Unit valuation rule is a rule that the value of shares of corporate stock for death tax purposes is ascertained by multiplying the total number of shares to be valued by the sale price of one share sold on an exchange. [Citizens Fidelity Bank & Trust Co. v. Reeves, 259 S.W.2d 432, 433 (Ky. 1953)].
