In re W. K. Thomas

How courts have described this case

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

• requiring less than unanimity for suit “when those in control of the business wrongfully decline” to act
• “There can be no question a managing or general partner is bound in fiduciary relationship with the limited partners.”
• \partners may include in the partnership articles practically 'any agreement they wish\ 1
• “There can be no question that a managing or general partner of a limited partnership is bound in a fiduciary relationship with the limited partners[.]” (cleaned up)
• “The derivative suit is, in effect, ‘a combination of two causes of action’ — one against the trustees for wrongfully refusing to sue and the other against the party who is liable to the trust.”
• “[P]artners may include in the partnership articles practically ‘any agreement they wish’ and, if the asserted self-dealing was actually 11 contemplated and authorized, it would not, ipso facto, be impermissible and deemed wrongful.”

Source: CourtListener parenthetical corpus (CC0).