RCW 25.15.501
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 limited liability company must pay each dissenter who complied with RCW 25.15.491 the amount the limited liability company estimates to be the fair value of the dissenting member's interest in the limited liability company, plus accrued interest.
(2) The payment must be accompanied by:
(a) Copies of the financial statements for the limited liability company for its most recent fiscal year maintained as required by RCW 25.15.136;
(b) An explanation of how the limited liability company estimated the fair value of the member's interest in the limited liability company;
(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.
[ 2015 c 188 § 96.]
Structure Revised Code of Washington
Chapter 25.15 - Limited Liability Companies.
25.15.011 - Name of limited liability company.
25.15.018 - Effect of limited liability company agreement—Nonwaivable provisions.
25.15.026 - Service of process, notice, or demand.
25.15.031 - Purpose and powers.
25.15.033 - Law of this state governs.
25.15.036 - Business transactions of member or manager with the limited liability company.
25.15.038 - General standards—Limitation of liability.
25.15.046 - Professional limited liability companies.
25.15.048 - Professional limited liability company—Licensing.
25.15.051 - Foreign professional limited liability company.
25.15.054 - Membership residency.
25.15.061 - Piercing the veil.
25.15.071 - Formation—Certificate of formation.
25.15.076 - Amendment to certificate of formation.
25.15.081 - Restated certificate.
25.15.091 - Execution or amendment by judicial order.
25.15.096 - Duty of secretary of state to file—Review of refusal to file.
25.15.106 - Initial and annual reports.
25.15.116 - Admission of members.
25.15.121 - Voting and classes of membership.
25.15.126 - Liability of members and managers to third parties.
25.15.131 - Member dissociation.
25.15.136 - Records and information.
25.15.141 - Remedies for breach of limited liability company agreement by member.
25.15.151 - Member-managed limited liability companies.
25.15.154 - Manager-managed limited liability companies.
25.15.157 - Delegation of rights and powers to manage.
25.15.161 - Manager—Member's rights and duties.
25.15.166 - Voting and classes of managers.
25.15.171 - Remedies for breach of limited liability company agreement by manager.
25.15.176 - Resignation of manager.
25.15.181 - Loss of sole remaining manager.
25.15.191 - Form of contribution.
25.15.196 - Liability for contribution.
25.15.206 - Allocation of distributions.
25.15.211 - Interim distributions.
25.15.216 - Distribution following dissociation.
25.15.221 - Distribution in-kind.
25.15.226 - Right to distribution.
25.15.231 - Limitations on distribution.
25.15.236 - Liability for improper distributions.
25.15.246 - Nature of limited liability company interest—Certificate of interest.
25.15.251 - Transfer of transferable interest.
25.15.256 - Rights of judgment creditor.
25.15.269 - After dissolution under RCW 25.15.265.
25.15.274 - Judicial dissolution.
25.15.279 - Administrative dissolution—Commencement of proceeding.
25.15.289 - Administrative dissolution—Reinstatement.
25.15.294 - Voluntary dissolution—Revocation of dissolution—When effective—Effect.
25.15.301 - Disposition of known claims—Definition.
25.15.305 - Distribution of assets.
25.15.309 - Remedies available after distribution.
25.15.321 - Registration required.
25.15.331 - Name—Registered agent.
25.15.336 - Amendments to application.
25.15.341 - Withdrawal of registration.
25.15.346 - Doing business without registration.
25.15.351 - Enjoinder from doing business in this state.
25.15.356 - Activities not constituting transacting business.
25.15.361 - Service of process on registered foreign limited liability companies.
25.15.367 - Service of process on unregistered foreign limited liability companies.
25.15.371 - Termination of registration.
25.15.386 - Right to bring action.
25.15.421 - Merger—Plan—Approval.
25.15.426 - Articles of merger—Filing—Effective date.
25.15.441 - Action on plan of conversion by converting limited liability company.
25.15.446 - Filing required for conversion—Effective date.
25.15.451 - Effect of conversion.
25.15.456 - Restrictions on approval of conversions.
25.15.471 - Member—Dissent—Payment of fair value.
25.15.476 - Dissenters' rights—Notice—Timing.
25.15.481 - Member—Dissent—Voting restriction.
25.15.486 - Members—Dissenters' notice—Requirement.
25.15.491 - Member—Payment demand—Entitlement.
25.15.496 - Members' interests—Transfer restriction.
25.15.501 - Payment of fair value—Requirements for compliance.
25.15.506 - Merger—Not effective within sixty days—Transfer restrictions.
25.15.511 - Dissenter's estimate of fair value—Notice.
25.15.516 - Unsettled demand for payment—Proceeding—Parties—Appraisers.
25.15.521 - Unsettled demand for payment—Costs—Fees and expenses of counsel.
25.15.801 - Construction and application of chapter and limited liability company agreement.
25.15.806 - Applicable fees, charges, and penalties.
25.15.811 - Authority to adopt rules.