(1) A record limited partner may assert appraisal rights as to fewer than all the limited partner interests registered in the record limited partner’s name that are owned by a beneficial limited partner only if the record limited partner objects with respect to all limited partner interests of the class or series owned by that beneficial limited partner and notifies the limited partnership in writing of the name and address of each beneficial limited partner on whose behalf appraisal rights are being asserted. The rights of a record limited partner who asserts appraisal rights for only part of the limited partner interests of the class or series held of record in the record limited partner’s name under this subsection shall be determined as if the limited partner interests as to which the record limited partner objects and the record limited partner’s other limited partner interests were registered in the names of different record limited partners.
(2) A beneficial limited partner may assert appraisal rights as to a limited partner interest held on behalf of the partner only if such beneficial limited partner:
(a) Submits to the limited partnership the record limited partner’s written consent to the assertion of such rights no later than the date referred to in s. 620.2118(2)(b)2.
(b) Does so with respect to all limited partner interests of the class or series that are beneficially owned by the beneficial limited partner.
History.—s. 17, ch. 2005-267.
Structure Florida Statutes
Title XXXVI - Business Organizations
Chapter 620 - Partnership Laws
Part I - Florida Revised Uniform Limited Partnership Act of 2005 (Ss. 620.1101-620.2205)
620.1103 - Knowledge and notice.
620.1104 - Nature, purpose, and duration of entity.
620.1107 - Supplemental principles of law; rate of interest.
620.1109 - Department of State; fees.
620.1110 - Effect of partnership agreement; nonwaivable provisions.
620.1111 - Required information.
620.1112 - Business transactions of partner with partnership.
620.1114 - Designated office, registered office, and registered agent.
620.1115 - Change of registered agent or registered office.
620.1116 - Resignation of registered agent.
620.1117 - Service of process.
620.1118 - Consent and proxies of partners.
620.1201 - Formation of limited partnership; certificate of limited partnership.
620.1202 - Amendment or restatement of certificate.
620.1203 - Certificate of dissolution; statement of termination.
620.1204 - Signing of records.
620.1205 - Signing and filing pursuant to judicial order.
620.1207 - Correcting filed record.
620.1208 - Liability for false information in filed record.
620.1209 - Certificate of status.
620.1210 - Annual report for Department of State.
620.1301 - Becoming limited partner.
620.1303 - No liability as limited partner for limited partnership obligations.
620.1304 - Right of limited partner and former limited partner to information.
620.1305 - Limited duties of limited partners.
620.1306 - Person erroneously believing self to be limited partner.
620.1401 - Becoming general partner.
620.1402 - General partner agent of limited partnership.
620.1403 - Limited partnership liable for general partner’s actionable conduct.
620.1404 - General partner’s liability.
620.1405 - Actions by and against partnership and partners.
620.1406 - Management rights of general partner; approval rights of other partners.
620.1407 - Right of general partner and former general partner to information.
620.1408 - General standards of conduct for general partner.
620.1501 - Form of contribution.
620.1502 - Liability for contribution.
620.1503 - Sharing of profits, losses, and distributions.
620.1504 - Interim distributions.
620.1505 - No distribution on account of dissociation.
620.1506 - Distribution in kind.
620.1507 - Right to distribution.
620.1508 - Limitations on distribution.
620.1509 - Liability for improper distributions.
620.1601 - Dissociation as limited partner.
620.1602 - Effect of dissociation as limited partner.
620.1603 - Dissociation as general partner.
620.1604 - Person’s power to dissociate as general partner; wrongful dissociation.
620.1605 - Effect of dissociation as general partner.
620.1607 - Liability to other persons of person dissociated as general partner.
620.1701 - Partner’s transferable interest; certificates.
620.1702 - Transfer of partner’s transferable interest.
620.1703 - Rights of creditor of partner or transferee.
620.1704 - Power of estate of deceased partner.
620.1801 - Nonjudicial dissolution.
620.1802 - Judicial dissolution.
620.1806 - Known claims against dissolved limited partnership.
620.1807 - Unknown claims against dissolved limited partnership.
620.1809 - Administrative dissolution.
620.1810 - Reinstatement following administrative dissolution.
620.1811 - Appeal from denial of reinstatement.
620.1812 - Revocation of dissolution.
620.1813 - Disposition of assets; when contributions required.
620.1901 - Governing law regarding foreign limited partnerships.
620.1902 - Application for certificate of authority.
620.1903 - Activities not constituting transacting business.
620.1904 - Filing of certificate of authority.
620.1905 - Noncomplying name of foreign limited partnership.
620.1906 - Revocation of certificate of authority.
620.1907 - Cancellation of certificate of authority; effect of failure to have certificate.
620.1908 - Action by Attorney General.
620.1909 - Reinstatement following administrative revocation.
620.1910 - Amending certificate of authority.
620.2001 - Direct action by partner.
620.2005 - Proceeds and expenses.
620.2103 - Action on plan of conversion by converting limited partnership.
620.2104 - Filings required for conversion; effective date.
620.2105 - Effect of conversion.
620.2107 - Action on plan of merger by constituent limited partnership.
620.2108 - Filings required for merger; effective date.
620.2111 - Liability of general partner after conversion or merger.
620.2113 - Appraisal rights; definitions.
620.2114 - Right of limited partners to appraisal.
620.2115 - Assertion of rights by nominees and beneficial owners.
620.2116 - Notice of appraisal rights.
620.2117 - Notice of intent to demand payment.
620.2118 - Appraisal notice and form.
620.2119 - Perfection of rights; right to withdraw.
620.2120 - Limited partner’s acceptance of limited partnership’s offer.
620.2121 - Procedure if limited partner is dissatisfied with offer.
620.2123 - Court costs and counsel fees.
620.2124 - Limitation on limited partnership payment.
620.2125 - Application of other laws to provisions governing conversions and mergers.
620.2201 - Uniformity of application and construction.
620.2202 - Severability clause.
620.2203 - Relation to Electronic Signatures in Global and National Commerce Act.