ARTICLE 11.5. Dissenting Limited Partners’ Rights
Article 11.5 added by Stats. 2006, Ch. 495, Sec. 20.
§§ 15911.20–15911.33 · 14 sections
- § 15911.20 (a) For purposes of this article, “reorganization” refers to any of the following: (1) A conversion pursuant to Article 11 (commencing with Section 15911.01).…
- § 15911.21 (a) If the approval of outstanding limited partnership interests is required for a limited partnership to participate in a reorganization, pursuant to the…
- § 15911.22 (a) If limited partners have a right under Section 15911.21, subject to compliance with paragraphs (4) and (5) of subdivision (b) thereof, to require the…
- § 15911.23 Within 30 days after the date on which notice of the approval of the outstanding interests of the limited partnership is mailed to the limited partner pursuant…
- § 15911.24 (a) If the limited partnership and the dissenting limited partner agree that such limited partner’s interest is a dissenting interest and agree upon the price…
- § 15911.25 (a) If the limited partnership denies that a limited partnership interest is a dissenting interest, or the limited partnership and a dissenting limited partner…
- § 15911.26 (a) If the court appoints an appraiser or appraisers, they shall proceed forthwith to determine the fair market value per interest of the outstanding limited…
- § 15911.27 To the extent that the payment to dissenting limited partners of the fair market value of their dissenting interests would require the dissenting limited…
- § 15911.28 Any cash distributions made by a limited partnership to a dissenting limited partner after the date of consummation of the reorganization, but prior to any…
- § 15911.29 Except as expressly limited by this article, dissenting limited partners shall continue to have all the rights and privileges incident to their interests…
- § 15911.30 A dissenting interest loses its status as a dissenting interest and the holder thereof ceases to be a dissenting limited partner and ceases to be entitled to…
- § 15911.31 If litigation is instituted to test the sufficient or regularity of the vote or consent of the limited partners in authorizing a reorganization, any…
- § 15911.32 (a) This article applies to the following: (1) A domestic limited partnership formed on or after January 1, 1991. (2) A foreign limited partnership if (A) the…
- § 15911.33 (a) No limited partner of a limited partnership who has a right under this article to demand payment of cash for the interest owned by such limited partner in…