Section 304-C:22-a Definitions and Construction.
In this subdivision:
I. ""Dissenter'' means a member who is entitled to dissent from limited liability company action under RSA 304-C:22-b and who exercises that right when and in the manner required under this subdivision.
II. ""Fair value'' means the value of the dissenter's limited liability interest of a limited liability company immediately before the effective date of the limited liability action referred to in RSA 304-C:22-b, excluding any appreciation or depreciation in anticipation of the limited liability action.
III. ""Interest'' means interest from the effective date of the action referred to in RSA 304-C:22-b that gave rise to the member's right to dissent until the date of payment, at the average auction rate paid on United States treasury bills with a maturity of 6 months (or the closest maturity thereto) as of the auction date for such treasury bills closest to such effective date.
IV. ""Limited liability company'' means a limited liability company whose members have obtained rights to dissent under RSA 304-C:22-b, and includes any successor by merger or conversion.
V. ""Member'' includes a former member who has ceased to be a member, but who was not entitled to payment for the value of the member's limited liability interest upon cessation of membership.
Source. 1997, 120:23, eff. Aug. 8, 1997.