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Florida Statutes Title XXXVI. Business Organizations § 620.2120. Limited partner's acceptance of limited partnership's offer

Current as of January 01, 2025 | Updated by Findlaw Staff

(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.

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Cite this article: FindLaw.com - Florida Statutes Title XXXVI. Business Organizations § 620.2120. Limited partner's acceptance of limited partnership's offer - last updated January 01, 2025 | https://codes.findlaw.com/fl/title-xxxvi-business-organizations/fl-st-sect-620-2120/

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