Legal Opinion

Sable v. Morgan Sangamon Partnership

District Court, N.D. Illinois

Decided July 1, 2002No. 01 C 6210, 01 C 8731PublishedCited by 1 opinion

1Opinion of the Court

MEMORANDUM OPINION AND ORDER

BUCKLO, District Judge.

Morgan Sangamon is an Illinois general partnership that was formed in 1993 by Jerome Cedicci, Michael Perlstein, and Ronald Goodman for the purpose of owning and managing a single piece of real property. The partnership agreement prohibits the admission of an additional or substitute partner without the written consent of all partners. ¶ 7(d)(vi). It also contains an “ipso facto clause,” providing that the bankruptcy of a partner:

shall terminate and dissolve the Partnership, provided that the remaining Partners shall forthwith reconstitute…

2Cases cited6 opinions

In the Matter of Malen A. Juzwiak, Debtor-AppellantCourt of Appeals for the Seventh Circuit · 1996
Vaughn v. SpeakerIllinois Supreme Court · 1988
In Re K.P. EnterpriseUnited States Bankruptcy Court, D. Maine · 1992
Central States, Southeast and Southwest Areas Pension Fund v. Basic American Industries, Inc.Court of Appeals for the Seventh Circuit · 2001
In The Matter Of: Midway Airlines, Inc.Court of Appeals for the Seventh Circuit · 1993

1 more not listed; retrieve them via the Exa API.

3Cited by1 opinion

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