HMG/Courtland Properties, Inc. v. Grove Isle Associates, Ltd.

BASKIN, Judge.

HMG/Courtland Properties, Inc. [HMG], appeals an order dismissing its amended complaint. We reverse.

HMG, a limited partner in Grove Isle Associates, Ltd. [GIA], loaned GIA more than four million dollars. HMG brought an action against GIA and its general partners seeking a judgment in the amount of the indebtedness. The defendants filed a motion to dismiss the action alleging that section 620.13, Florida Statutes (1985),1 barred HMG from bringing the suit. The trial court dismissed HMG’s amended complaint.

Section 620.13(l)(b)2 provides that no limited partner shall "[r]eceive…