620.2121 Procedure if limited partner is dissatisfied with offer.—
(1) A limited partner who is dissatisfied with the limited partnership’s offer as set forth pursuant to s. 620.2118(2)(b)5. must notify the limited partnership on the form provided pursuant to s. 620.2118(1) of the limited partner’s estimate of the fair value of the limited partner interest and demand payment of that estimate plus interest.
(2) A limited partner who fails to notify the limited partnership in writing of the limited partner’s demand to be paid the limited partner’s estimate of the fair value plus interest under subsection (1) within the timeframe set forth in s. 620.2118(2)(b)2. waives the right to demand payment under this section and shall be entitled only to the payment offered by the limited partnership pursuant to s. 620.2118(2)(b)5.
History.—s. 17, ch. 2005-267.
Section: Previous 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 620.2203 NextLast modified: September 23, 2016