New Hampshire Revised Statutes 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 N.H. Rev. Stat. § 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:
(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.
(b) Not vote the limited partner’s limited partnership interest in favor of the proposed action.
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 N.H. Rev. Stat. § 304-B:16-e.
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.
(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.
Terms Used In New Hampshire Revised Statutes 304-B:16-f
- 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
(b) Not vote the limited partner’s limited partnership interest in favor of the proposed action.
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 N.H. Rev. Stat. § 304-B:16-e.
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.