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RSA 304-C:163 · Notices by Dissenting Members to Limited Liability Companies Concerning Members' Intent to Demand Payment

304-C:163 Notices by Dissenting Members to Limited Liability Companies Concerning Members' Intent to Demand Payment. –

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I.

If a proposed action of a limited liability company creating dissenters' rights under RSA 304-C:161 is submitted to a vote at a meeting of the members, a member who wishes to assert dissenters' rights shall:

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(a)

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

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(b)

Not vote the member's limited liability company 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 member to whom the limited liability company has failed to provide the notice required by RSA 304-C:162.

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III.

A member who does not satisfy the requirements of this section is not entitled to payment for such member's limited liability company interest under this subdivision. Source. 2012, 232:2, eff. Jan. 1, 2013.

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Source note

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

Source history

  • 2012, 232:2, eff. Jan. 1, 2013

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Bill relationships

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