Virginia Partners, Ltd. v. Day

I disagree with the majority’s holding that the individual appellants comprising partners in Virginia Partners, Ltd., are entitled to the privileges afforded to limited partners under the statutory scheme in either this state or Florida. The majority seems to have accepted exclusively the view expressed in Vulcan Furniture Manufacturing Corp. v. Vaughn, supra at 764, that the purpose of statutes relating to limited partnerships is to “encourage investing by parties having capital” and “not to assist creditors” including, presumably, those tortiously injured. While encouraging capital…