RCW 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.]
Structure Revised Code of Washington
Chapter 25.05 - Revised Uniform Partnership Act.
25.05.010 - Knowledge and notice.
25.05.015 - Effect of partnership agreement—Nonwaivable provisions.
25.05.020 - Supplemental principles of law.
25.05.025 - Delivery and filing of statements.
25.05.035 - Partnership subject to amendment or repeal of chapter.
25.05.050 - Partnership as entity.
25.05.055 - Formation of partnership.
25.05.060 - Partnership property.
25.05.065 - When property is partnership property.
25.05.100 - Partner agent of partnership.
25.05.105 - Transfer of partnership property.
25.05.110 - Statement of partnership authority.
25.05.115 - Statement of denial.
25.05.120 - Partnership liable for partner's actionable conduct.
25.05.125 - Partner's liability.
25.05.130 - Actions by and against partnership and partners.
25.05.135 - Liability of purported partner.
25.05.150 - Partner's rights and duties.
25.05.155 - Distributions in kind.
25.05.160 - Partner's rights and duties with respect to information.
25.05.165 - General standards of partner's conduct.
25.05.170 - Actions by partnership and partners.
25.05.175 - Continuation of partnership beyond definite term or particular undertaking.
25.05.200 - Partner not co-owner of partnership property.
25.05.205 - Partner's transferable interest in partnership.
25.05.210 - Transfer of partner's transferable interest.
25.05.215 - Partner's transferable interest subject to charging order.
25.05.225 - Events causing partner's dissociation.
25.05.230 - Partner's power to dissociate—Wrongful dissociation.
25.05.235 - Effect of partner's dissociation.
25.05.250 - Purchase of dissociated partner's interest.
25.05.255 - Dissociated partner's power to bind and liability to partnership.
25.05.260 - Dissociated partner's liability to other persons.
25.05.265 - Statement of dissociation.
25.05.270 - Continued use of partnership name.
25.05.300 - Events causing dissolution and winding up of partnership business.
25.05.305 - Partnership continues after dissolution.
25.05.310 - Right to wind up partnership business.
25.05.315 - Partner's power to bind partnership after dissolution.
25.05.320 - Statement of dissolution.
25.05.325 - Partner's liability to other partners after dissolution.
25.05.330 - Settlement of accounts and contributions among partners.
25.05.355 - Conversion of partnership to limited partnership.
25.05.360 - Conversion of limited partnership to partnership.
25.05.365 - Effect of conversion—Entity unchanged.
25.05.370 - Merger of partnerships.
25.05.375 - Merger—Plan—Approval.
25.05.380 - Articles of merger—Filing.
25.05.390 - Merger—Foreign and domestic.
25.05.425 - Partner—Dissent—Payment of fair value.
25.05.430 - Dissenters' rights—Notice—Timing.
25.05.435 - Partner—Dissent—Voting restriction.
25.05.440 - Partners—Dissenters' notice—Requirements.
25.05.445 - Partner—Payment demand—Entitlement.
25.05.450 - Partners' interests—Transfer restriction.
25.05.455 - Payment of fair value—Requirements for compliance.
25.05.460 - Merger—Not effective within sixty days—Transfer restrictions.
25.05.465 - Dissenter's estimate of fair value—Notice.
25.05.470 - Unsettled demand for payment—Proceeding—Parties—Appraisers.
25.05.475 - Unsettled demand for payment—Costs—Fees and expenses of counsel.
25.05.500 - Formation—Registration—Application—Registered agent—Fee.
25.05.510 - Rendering professional services.
25.05.530 - Change of registered agent for service of process.
25.05.533 - Resignation of registered agent for service of process.
25.05.536 - Service of process.
25.05.550 - Foreign limited liability partnership—Effect of registration and governing law.
25.05.555 - Registration requirement.
25.05.560 - Failure to register—Penalties—Service of process.
25.05.565 - Activities not constituting transacting business.
25.05.580 - Registered agent—Designation and maintenance.
25.05.583 - Change of registered agent for service of process.
25.05.586 - Resignation of registered agent.
25.05.589 - Service of process.
25.05.901 - Dates of applicability.
25.05.902 - Applicable fees, charges, and penalties.
25.05.903 - Authority to adopt rules—Secretary of state.
25.05.904 - Uniformity of application and construction—1998 c 103.