§ 25.05.455. Payment of fair value -- Requirements for compliance
(1) Within thirty days of the later of the date the proposed merger becomes effective, or the payment demand is received, the partnership shall pay each dissenter who complied with RCW 25.05.445 the amount the partnership estimates to be the fair value of the dissenting partner's interest in the partnership, plus accrued interest.
(2) The payment must be accompanied by:
(a) Copies of the financial statements for the partnership for its most recent fiscal year;
(b) An explanation of how the partnership estimated the fair value of the partner's interest in the partnership;
(c) An explanation of how the accrued interest was calculated;
(d) A statement of the dissenter's right to demand payment; and
(e) A copy of this article.
[1998 c 103 § 1008.]
Sections: Previous 25.05.420 25.05.425 25.05.430 25.05.435 25.05.440 25.05.445 25.05.450 25.05.455 25.05.460 25.05.465 25.05.470 25.05.475 25.05.500 25.05.505 25.05.510 NextLast modified: April 7, 2009