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2018 Florida Statutes
Title XXXVI - Business Organizations
Chapter 620 - Partnership Laws
Part I - Florida Revised Uniform Limited Partnership Act of 2005 (Ss. 620.1101-620.2205)
620.2120 - Limited partner’s acceptance of limited partnership’s offer.
Universal Citation: FL Stat § 620.2120 (2018)
620.2120 Limited partner’s acceptance of limited partnership’s offer.—
(1) If the limited partner states on the form provided in s. 620.2118(1) that the limited partner accepts the offer of the limited partnership to pay the limited partnership’s estimated fair value for the limited partner interest, the limited partnership shall make such payment to the limited partner within 90 days after the limited partnership’s receipt of the items required by s. 620.2119(1).
(2) Upon payment of the agreed value, the limited partner shall cease to have any interest in the partnership interests.
History.—s. 17, ch. 2005-267; s. 77, ch. 2006-1.
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