Boyd, Payne, Gates v. Payne, Gates, Farthing

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• treating close corporation as a partnership for the purpose of settling partners’ rights and liabilities where the entity observed partnership, not corporate, formalities
• Law firm that incorporated for tax purposes but otherwise continued to function as a partnership was subject to partnership law
• “Because Boyd, P.C., was a close corporation and its shareholders validly conducted the internal affairs of their law practice as a partnership, we hold that the trial court properly settled their rights and liabilities according to partnership law.”

Source: CourtListener parenthetical corpus (CC0).