(1) If the proposed merger does not become effective within sixty days after the date set for demanding payment, the limited partnership shall release any transfer restrictions imposed as permitted by RCW 25.10.861.

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Terms Used In Washington Code 25.10.871

  • 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 limited partnership must send a new dissenters’ notice as provided in RCW 25.10.841(2) and 25.10.851 and repeat the payment demand procedure.