California § 15911.27 - To the extent that the payment to dissenting limited partners of the fair market
Full text of California Public Contract Code - PCC § 15911.27 — To the extent that the payment to dissenting limited partners of the fair market, with citation guidance and answers to common questions.
§ 15911.27. To the extent that the payment to dissenting limited partners of the fair market
To the extent that the payment to dissenting limited partners of the fair market value of their dissenting interests would require the dissenting limited partners to return such payment or a portion thereof by reason of Section 15905.09 or the Uniform Voidable Transactions Act (Chapter 1 (commencing with Section 3439) of Title 2 of Part 2 of Division 4 of the Civil Code), then that payment or portion thereof shall not be made and the dissenting limited partners shall become creditors of the limited partnership for the amount not paid, together with interest thereon at the legal rate on judgments until the date of payment, but subordinate to all other creditors in any proceeding relating to the winding up and dissolution of the limited partnership, such debt to be payable when permissible.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 15911.27
What does Public Contract Code - PCC § 15911.27 cover?
Section 15911.27 ("To the extent that the payment to dissenting limited partners of the fair market") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 15911.27?
A common citation format is "Public Contract Code - PCC § 15911.27" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 15911.27 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.