Avinger v. Campbell

GUITTARD, Justice.

Four limited partners brought this suit against the general partner for their share of the profit realized by sale of land owned by the limited partnership. They question the authority of the general partner to pay $360,676 to the Catholic Foundation in lieu of a previous arrangement for a conveyance of part of the land to the foundation for erection of a church. The trial court sustained defendant’s motion for summary judgment, which alleged that he was authorized to make the payment as general partner because he had made a binding contract to convey the land to the…