Legal Opinion

Loftin v. Estate of Loftin

Nevada Supreme Court

Decided November 30, 1987No. 18194Published

1Opinion of the Court

*500OPINION

2Per curiam

Woodrow W. Loftin and appellant Loftin’s Ormsby House formed a limited partnership, Best Investors, in 1981. Best Investors owns and operates the Mother Lode Hotel and Casino in Carson City. Woodrow Loftin, as general partner, held a seventy-four percent interest in Best Investors; Loftin’s Ormsby House was a limited partner and held a twenty-six percent interest. The Best Investors partnership agreement contains specific rights concerning the sale of the partnership interests, the interpretation of which is the heart of the instant dispute.

Loftin Investment Corporation, whose sole…

3Cases cited8 opinions

  1. Crow-Spieker 23 v. Robert L. Helms Construction & Development Co.Nevada Supreme Court · 1987
  2. Cities Service Oil Company v. EstesSupreme Court of Virginia · 1967
  3. Caldwell v. Consolidated Realty & Management Co.Nevada Supreme Court · 1983
  4. Richfield Oil Corp. v. Security-First National BankCalifornia Court of Appeal · 1958
  5. In Re the Estate of SingletonNevada Supreme Court · 1901

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