Florida Statutes 620.2116 – Notice of appraisal rights
Current as of: 2023 | Check for updates
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Terms Used In Florida Statutes 620.2116
- Appraisal: A determination of property value.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
(1) If a proposed appraisal event is to be submitted to a vote at a limited partners’ meeting, the meeting notice must state that the limited partnership has concluded that partners are, are not, or may be entitled to assert appraisal rights under this act.
(2) If the limited partnership concludes that appraisal rights are or may be available, a copy of ss. 620.2113–620.2124 must accompany the meeting notice sent to those record limited partners entitled to exercise appraisal rights.
(3) If the appraisal event is to be approved other than by a partners’ meeting, the notice referred to in subsection (1) must be sent to all limited partners at the time that consents are first solicited, whether or not consents are solicited from all limited partners, and include the materials described in s. 620.2118.