605.1067 Member’s acceptance of limited liability company’s offer.—
(1) If the member states on the form provided in s. 605.1065(1) that the member accepts the offer of the limited liability company to pay the limited liability company’s estimated fair value for the membership interest, the limited liability company shall make the payment to the member within 90 days after the limited liability company’s receipt of the items required by s. 605.1066(1).
(2) Upon payment of the agreed value, the member shall cease to have an interest in the membership interest.
History.—s. 2, ch. 2013-180.
Section: Previous 605.1056 605.1061 605.1062 605.1063 605.1064 605.1065 605.1066 605.1067 605.1068 605.1069 605.1070 605.1071 605.1072 605.1101 605.1102 NextLast modified: September 23, 2016