RSA 304-B:16-f · [This subdivision was enacted by the New Hampshire General Court and is not a part of the national Uniform Limited Partnership Act.] 304-B:16-f Notice of Intent to Demand Payment

[This subdivision was enacted by the New Hampshire General Court and is not a part of the national Uniform Limited Partnership Act.] 304-B:16-f Notice of Intent to Demand Payment. –

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I.

If proposed action of a limited partnership creating dissenters' rights under RSA 304-B:16-d is submitted to a vote at a meeting of the limited partners, a limited partner who wishes to assert dissenters' rights shall:

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(a)

Deliver to the limited partnership before the vote is taken a written notice of the member's intent to demand payment for the limited partner's limited partnership interest if the proposed action is effectuated.

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(b)

Not vote the limited partner's limited partnership interest in favor of the proposed action.

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II.

No such written notice of intent to demand payment is required of any limited partner to whom the limited partnership has failed to provide the notice required by RSA 304-B:16-e.

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III.

A limited partner who does not satisfy the requirements of this section is not entitled to payment for such limited partner's limited partnership interest under this subdivision. Source. 1997, 120:14, eff. Aug. 8, 1997.

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