Court of Chancery of Delaware

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Hillman v. Hillman, 1557-N

A motion by limited partners and the new general partner of a limited partnership to dismiss a complaint filed by a former general partner who sought to maintain an interest in the partnership as a limited partner is granted where, by the plain terms partnership agreement, upon his removal as general partner, plaintiff was deprived of any option to become a limited partner, and lacked standing to complain of any actions taken by defendants after his removal. However, the court finds that plaintiff was entitled to the return of his 1% capital contribution, plus interest.

Appellate Information

  • Decided 08/23/2006
  • Published 09/07/2006

Judges

Court

  • Court of Chancery of Delaware

Counsel