Westminster Properties, Inc. v. Atlanta Associates
Supreme Court of Georgia
1Opinion of the Court
Hill, Chief Justice.
Atlanta Associates, a limited partnership, was formed in 1970, with Westminster Properties, Inc. (Westminster) as one of the limited partners. The partnership executed a security deed to Westminster in 1973 to secure a loan in the original amount of $630,000. The partners were not personally liable on the loan and Westminster could not recover any deficiency from them.
The partnership agreement was amended in 1975, at which time Westminster became a general partner and Harrison Associates, Ltd. (Harrison), became a general and limited partner. This amendment specified that…
2Cases cited4 opinions
- McCann v. Glynn Lumber CompanySupreme Court of Georgia · 1945
- Huggins v. HugginsSupreme Court of Georgia · 1903
- Atlanta Associates v. Westminster Properties, Inc.Supreme Court of Georgia · 1978
- Kochis v. MillsSupreme Court of Georgia · 1975
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- Fox v. I-10, LTD.Supreme Court of Colorado · 1998
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