Oil & Gas Ventures, Inc. v. Cheyenne Oil Corp.

Marvel, Vice Chancellor.

In its capacity as sole general partner of each of the three plaintiff limited partnerships, namely First 1958 Fund, Ltd., Second 1958 Fund, Ltd., and First 1959 Fund Ltd. Oil and Gas Ventures Inc., filed its original complaint on behalf of such partnerships on December 7, 1962. However, an amended complaint, which is the pleading under attack in the appearing defendants’ pending motion for summary judgment, was not filed until May 13, 1963.

Oil and Gas Ventures, Inc. was incorporated in September, 1957 following which the limited partnerships on whose behalf relief is…