There is a newer version
of
this Section
2019 New Hampshire Revised Statutes
Title XXVIII - Partnerships
Chapter 304-B - Uniform Limited Partnership Act
Section 304-B:16-i - Payment.
Universal Citation: NH Rev Stat § 304-B:16-i (2019)
304-B:16-i Payment. –
I. Except as provided in RSA 304-B:16-k, as soon as the proposed limited partnership action is effectuated, or upon receipt of a payment demand, whichever is later, the limited partnership shall pay each dissenter who complied with RSA 304-B:16-h the amount the limited partnership estimates to be the fair value of such dissenter's partnership interest, plus accrued interest.
II. The payment shall be accompanied by:
(a) The limited partnership's balance sheet as of the end of a fiscal year ending not more than 16 months before the date of payment, an income statement for that year, and the latest available interim financial statements, if any;
(b) A statement of the limited partnership's estimate of the fair value of the limited partnership interest;
(c) An explanation of how the value of the limited partnership interest was calculated;
(d) A statement of the dissenter's right to demand payment under RSA 304-B:16-l; and
(e) A copy of this subdivision, if the limited partnership has not previously sent a copy of this subdivision to the limited partner pursuant to RSA 304-B:16-e or RSA 304-B:16-g.
I. Except as provided in RSA 304-B:16-k, as soon as the proposed limited partnership action is effectuated, or upon receipt of a payment demand, whichever is later, the limited partnership shall pay each dissenter who complied with RSA 304-B:16-h the amount the limited partnership estimates to be the fair value of such dissenter's partnership interest, plus accrued interest.
II. The payment shall be accompanied by:
(a) The limited partnership's balance sheet as of the end of a fiscal year ending not more than 16 months before the date of payment, an income statement for that year, and the latest available interim financial statements, if any;
(b) A statement of the limited partnership's estimate of the fair value of the limited partnership interest;
(c) An explanation of how the value of the limited partnership interest was calculated;
(d) A statement of the dissenter's right to demand payment under RSA 304-B:16-l; and
(e) A copy of this subdivision, if the limited partnership has not previously sent a copy of this subdivision to the limited partner pursuant to RSA 304-B:16-e or RSA 304-B:16-g.
Source. 1997, 120:14, eff. Aug. 8, 1997.
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.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
