2010 New Hampshire Statutes
TITLE XXVIII PARTNERSHIPS
CHAPTER 304-C LIMITED LIABILITY COMPANIES
Section 304-C:22-j Procedure if Member Dissatisfied With Payment or Offer.


NH Rev Stat § 304-C:22-j (1996 through Reg Sess) What's This?

304-C:22-j Procedure if Member Dissatisfied With Payment or Offer. –
    I. A dissenter may notify the limited liability company in writing of the dissenter's own estimate of the fair value of such dissenter's limited liability company interest and amount of interest due, and demand payment of the dissenter's estimate (less any payment under RSA 304-C:22-g), or reject the limited liability company's offer under RSA 304-C:22-i and demand payment of the fair value of the limited liability company interest and interest due, if:
       (a) The dissenter believes that the amount paid under RSA 304-C:22-g or offered under RSA 304-C:22-i is less than the fair value of such dissenter's limited liability company interest or that the interest due is incorrectly calculated; or
       (b) The limited liability company fails to make payment under RSA 304-C:22-g within 60 days after the date set for demanding payment.
    II. A dissenter waives the right to demand payment under this section unless the dissenter notifies the limited liability company of such dissenter's demand in writing under paragraph I within 30 days after the limited liability company made or offered payment for such dissenter's limited liability company interest.

Source. 1997, 120:23, eff. Aug. 8, 1997.

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