Bowen v. Budd

Carley, Judge.

Appellant-plaintiffs were limited partners in two limited partnerships organized for the purpose of real estate development. Appellee-defendant was the sole general partner in each of the two limited partnerships. In 1977, the partnerships were dissolved when the real estate was abandoned. Thereafter, appellants filed a multi-count complaint against appellee. Insofar as it is relevant to the instant appeal, the gravamen of the complaint was the alleged breach by appellee, as the general partner, of the statutory requirement that his conduct in that capacity conform to the…