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2019 New Hampshire Revised Statutes
Title XXVIII - Partnerships
Chapter 304-B - Uniform Limited Partnership Act
Section 304-B:16-c - Definitions and Construction.
Universal Citation: NH Rev Stat § 304-B:16-c (2019)
In this subdivision:
I. "Dissenter" means a limited partner who is entitled to dissent from limited partnership action under RSA 304-B:16-d and who exercises that right when and in the manner required under this subdivision.
II. "Fair value" means the value of the dissenter's partnership interest of a limited partnership immediately before the effective date of the limited liability action referred to in RSA 304-B:16-d, excluding any appreciation or depreciation in anticipation of the limited partnership action.
III. "Interest" means interest from the effective date of the action referred to in RSA 304-B:16-d that gave rise to the limited partner's right to dissent until the date of payment, at the average auction rate paid on United States treasury bills with a maturity of 6 months (or the closest maturity thereto) as of the auction date for such treasury bills closest to such effective date.
IV. "Limited partnership" means a limited partnership whose limited partners have obtained rights to dissent under RSA 304-B:16-d and includes any successor by merger or conversion.
Source. 1997, 120:14, eff. Aug. 8, 1997.
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