Finkelstein v. Security Properties, Inc.

Baker, A.C.J.

Stephen Finkelstein’s estate (Finkelstein) 1 appeals an order dismissing most of his claims against Security Properties as barred by the statute of limitations. We affirm the trial court’s disposition, but on different grounds. We hold that under state partnership law, which is not superseded by federal bankruptcy law, a partnership dissolves upon the chapter 7 bankruptcy filing of one of the partners. We also affirm the trial court’s ruling that Finkelstein does not have standing to bring a derivative action on behalf of the limited partners.

Facts

Finkelstein, while serving as…