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Current as of January 01, 2023 | Updated by FindLaw Staff
(1) If a proposed appraisal event is submitted to a vote at a partners' meeting, or is submitted to a partner pursuant to a consent vote, a limited partner who is entitled to and who wishes to assert appraisal rights with respect to any class or series of limited partner interests:
(a) Must deliver to a general partner of the limited partnership before the vote is taken, or within 20 days after receiving the notice pursuant to s. 620.2116(3) if action is to be taken without a partner meeting, written notice of such person's intent to demand payment if the proposed appraisal event is effectuated.
(b) Must not vote, or cause or permit to be voted, any limited partner interests of such class or series in favor of the appraisal event.
(2) A person who may otherwise be entitled to appraisal rights, but who does not satisfy the requirements of subsection (1), is not entitled to payment under ss. 620.2113-620.2124.
Cite this article: FindLaw.com - Florida Statutes Title XXXVI. Business Organizations § 620.2117. Notice of intent to demand payment - last updated January 01, 2023 | https://codes.findlaw.com/fl/title-xxxvi-business-organizations/fl-st-sect-620-2117/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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