New Hampshire Revised Statutes 304-B:16-c – Definitions and Construction
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In this subdivision:
I. “Dissenter” means a limited partner who is entitled to dissent from limited partnership action under N.H. Rev. Stat. § 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 N.H. Rev. Stat. § 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 N.H. Rev. Stat. § 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 N.H. Rev. Stat. § 304-B:16-d and includes any successor by merger or conversion.
I. “Dissenter” means a limited partner who is entitled to dissent from limited partnership action under N.H. Rev. Stat. § 304-B:16-d and who exercises that right when and in the manner required under this subdivision.
Terms Used In New Hampshire Revised Statutes 304-B:16-c
- Limited partner: means a person who has been admitted to a limited partnership as a limited partner in accordance with the partnership agreement. See New Hampshire Revised Statutes 304-B:1
- Limited partnership: and "domestic limited partnership" mean a partnership formed by 2 or more persons under the laws of this state and having one or more general partners and one or more limited partners. See New Hampshire Revised Statutes 304-B:1
- Partner: means a limited or general partner. See New Hampshire Revised Statutes 304-B:1
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Partnership interest: means a partner's share of the profits and losses of a limited partnership and the right to receive distributions of partnership assets. See New Hampshire Revised Statutes 304-B:1
- United States: shall include said district and territories. See New Hampshire Revised Statutes 21:4
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 N.H. Rev. Stat. § 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 N.H. Rev. Stat. § 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 N.H. Rev. Stat. § 304-B:16-d and includes any successor by merger or conversion.