International Investors v. Business Park Fund

OPINION

MATTHEWS, Chief Justice.

I. INTRODUCTION

The Business Park Fund, a limited partnership, defaulted on a note payable to International Investors. International sued the Business Park Fund’s limited partners, seeking to collect their unpaid capital subscriptions. The superior court entered a final judgment releasing the limited partners from all liability, ruling that International could not enforce the note directly against them. We reverse because limited partners are liable to creditors for the amount of their obligation to the partnership, including unpaid contributions.

II. FACTS AND…