Klein v. Weiss

This case involves an ill-fated business venture in Ocean City, Maryland, known as the Seventy-Sixth Street Limited Partnership (the Limited Partnership), which the parties intended to form pursuant to the provisions of the Maryland Uniform Limited Partnership Act (the Uniform Act), Maryland Code (1975) §§ 10-101 through 10-129 of the Corporations and Associations Article. The central issue in the appeal is whether the receiver of the Limited Partnership, appointed on behalf of creditors, may enforce agreements executed by the limited partners for capital contributions to the Limited…