An investor who has been fully redeemed loses the ability to test the fund's valuation of his interest: the court held that Greenhouse retained no equity interest and therefore had no right to inspect the partnership's books and records.
Source quote, verbatim
Therefore, the court concluded that Greenhouse did not retain and equity interest in the partnership and was not entitled to inspect the partnership's books and records.25
From
Wulf A. Kaal, Samuel Evans, Hayley Howe, Digital Asset Valuation (2022), II.1.b Private Investment Fund Valuation Issues, p. 10 https://ssrn.com/abstract=4033886 · source PDF
Cite as
Wulf A. Kaal, Samuel Evans, Hayley Howe, Digital Asset Valuation (2022). SSRN: https://ssrn.com/abstract=4033886
Holds when
Delaware limited partnerships under 6 Del. C. section 17-305
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