Washington Code 25.05.445 – Partner — Payment demand — Entitlement
Current as of: 2023 | Check for updates
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(1) A partner who demands payment retains all other rights of a partner in the partnership until the proposed merger becomes effective.
Terms Used In Washington Code 25.05.445
- 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.
(2) A partner in a partnership sent a dissenters’ notice who does not demand payment by the date set in the dissenters’ notice is not entitled to payment for the partner’s interest in the partnership under this article.