2013 New Hampshire Revised Statutes
Title XXVIII - PARTNERSHIPS
Chapter 304-C - LIMITED LIABILITY COMPANIES
Section 304-C:163 - Notices by Dissenting Members to Limited Liability Companies Concerning Members' Intent to Demand Payment.


NH Rev Stat § 304-C:163 (2013) What's This?

    304-C:163 Notices by Dissenting Members to Limited Liability Companies Concerning Members' Intent to Demand Payment. –
    I. If a proposed action of a limited liability company creating dissenters' rights under RSA 304-C:161 is submitted to a vote at a meeting of the members, a member who wishes to assert dissenters' rights shall:
       (a) Deliver to the limited liability company before the vote is taken a written notice of the member's intent to demand payment for the member's limited liability company interest if the proposed action is effectuated.
       (b) Not vote the member's limited liability company interest in favor of the proposed action.
    II. No such written notice of intent to demand payment is required of any member to whom the limited liability company has failed to provide the notice required by RSA 304-C:162.
    III. A member who does not satisfy the requirements of this section is not entitled to payment for such member's limited liability company interest under this subdivision.

Source. 2012, 232:2, eff. Jan. 1, 2013.


Disclaimer: These codes may not be the most recent version. New Hampshire may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.