620.2120 Limited partner’s acceptance of limited partnership’s offer.—
(1) If the limited partner states on the form provided in s. 620.2118(1) that the limited partner accepts the offer of the limited partnership to pay the limited partnership’s estimated fair value for the limited partner interest, the limited partnership shall make such payment to the limited partner within 90 days after the limited partnership’s receipt of the items required by s. 620.2119(1).
(2) Upon payment of the agreed value, the limited partner shall cease to have any interest in the partnership interests.
History.—s. 17, ch. 2005-267; s. 77, ch. 2006-1.
Section: Previous 620.2113 620.2114 620.2115 620.2116 620.2117 620.2118 620.2119 620.2120 620.2121 620.2122 620.2123 620.2124 620.2125 620.2201 620.2202 NextLast modified: September 23, 2016