(1) If the proposed merger does not become effective within sixty days after the date set for demanding payment, the partnership shall release any transfer restrictions imposed as permitted by RCW 25.05.450.
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Terms Used In Washington Code 25.05.460

  • 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) If, after releasing transfer restrictions, the proposed merger becomes effective, the partnership must send a new dissenters’ notice as provided in RCW 25.05.430(2) and 25.05.440 and repeat the payment demand procedure.
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