New Hampshire Revised Statutes 304-B:16-i – Payment
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I. Except as provided in N.H. Rev. Stat. § 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 N.H. Rev. Stat. § 304-B:16-h the amount the limited partnership estimates to be the fair value of such dissenter’s partnership interest, plus accrued interest.
II. The payment shall be accompanied by:
(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;
(b) A statement of the limited partnership’s estimate of the fair value of the limited partnership interest;
(c) An explanation of how the value of the limited partnership interest was calculated;
(d) A statement of the dissenter’s right to demand payment under N.H. Rev. Stat. § 304-B:16-l; and
(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 N.H. Rev. Stat. § 304-B:16-e or N.H. Rev. Stat. § 304-B:16-g.
II. The payment shall be accompanied by:
Terms Used In New Hampshire Revised Statutes 304-B:16-i
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- 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
- 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
(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;
(b) A statement of the limited partnership’s estimate of the fair value of the limited partnership interest;
(c) An explanation of how the value of the limited partnership interest was calculated;
(d) A statement of the dissenter’s right to demand payment under N.H. Rev. Stat. § 304-B:16-l; and
(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 N.H. Rev. Stat. § 304-B:16-e or N.H. Rev. Stat. § 304-B:16-g.