§ 15-120 — No statutory appraisal rights

Unless otherwise provided in a partnership agreement or an agreement of merger or consolidation or a plan of merger, no appraisal rights shall be available with respect to a partnership interest or another interest in a partnership, including in connection with any amendment of a partnership agreement, any merger or consolidation in which the partnership is a constituent party to the merger or consolidation, any conversion of the partnership to another business form, any transfer to or domestication or continuance in any jurisdiction by the partnership, or the sale of all or substantially all of the partnership’s assets. The Court of Chancery shall have jurisdiction to hear and determine any matter relating to any appraisal rights provided in a partnership agreement or an agreement of merger or consolidation or a plan of merger.

Legislative History

72 Del. Laws, c. 151, § 1 ; 73 Del. Laws, c. 296, § 4 ; 76 Del. Laws, c. 106, § 8 ; 77 Del. Laws, c. 289, § 6 ; 82 Del. Laws, c. 257, § 3