Gail M. Benson Living Trust v. Physicians Office Building, Inc.

GILBERTSON, Chief Justice.

[¶ 1.] Limited partners brought suit against general partners seeking a declaratory judgment that the general partners’ change in allocation of the limited partnership’s profits and losses violated the partnership agreement. After considering cross-motions for summary judgment, the circuit court granted summary judgment in favor of the general partners. The limited partners appeal. We reverse and remand.

FACTS

[¶ 2.] A limited partnership, POB Associates, was formed in 1980 for the purpose of “constructing, owning, maintaining, and operating” an office building on the…