RSA 304-B:16-i · [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-i 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-i Payment. –

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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.

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II.

The payment shall be accompanied by:

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(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;

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(b)

A statement of the limited partnership's estimate of the fair value of the limited partnership interest;

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(c)

An explanation of how the value of the limited partnership interest was calculated;

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(d)

A statement of the dissenter's right to demand payment under RSA 304-B:16-l; and

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(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.

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