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· 9/26/1989

Labovitz v. Dolan

Citations

  • 545 N.E.2d 304
  • 189 Ill. App. 3d 403
  • 136 Ill. Dec. 780
  • 1989 Ill. App. LEXIS 1466

How courts have described this case

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

  • holding general partner with sole discretion to distribute cash to limited partners owed duty of good faith to limited partners as fiduciary under partnership agreement
  • stating that the general partner had breached its fiduciary duty because the duty existed concurrently with obligations set forth in the partnership agreement and could not be destroyed by the terms of the agreement
  • general partner to exercise the highest degree of honesty and good faith in his handling of partnership assets

Source: CourtListener parenthetical corpus (CC0).

Judges: Scariano

Read full opinion on CourtListener

Sourced from CourtListener / Free Law Project (CC0).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.