2013 New Hampshire Revised Statutes
Title XXVIII - PARTNERSHIPS
Chapter 304-C - LIMITED LIABILITY COMPANIES
Section 304-C:165 - Duty of Dissenters to Demand Payment, Etc.


NH Rev Stat § 304-C:165 (2013) What's This?

    304-C:165 Duty of Dissenters to Demand Payment, Etc. –
    I. A member sent a dissenters' notice described in RSA 304-C:164 must demand payment and certify whether the member acquired the limited liability company interest before the date required to be set forth in the dissenters' notice under RSA 304-C:164.
    II. A member who demands payment under paragraph I retains all of the rights of a member until those rights are canceled or modified by completion of the proposed action of the limited liability company.
    III. A member who does not demand payment by the date set forth in the dissenters' notice is not entitled to payment of fair value for such member's membership rights under this subdivision.
    IV. A demand for payment filed by a member may not be withdrawn unless the limited liability company with which it was filed or the surviving limited liability company or other business entity consents to such withdrawal.

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


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