Laflin & Rand Co. v. Steytler

Citations

• 146 Pa. 434
• 23 A. 215
• 1892 Pa. LEXIS 1245

Syllabus

<p>1. The object of the provision of § 1, act of June 2, 1874, P. L. 271, requiring that the statement to be signed and acknowledged by persons desiring to form a limited-partnership association, shall “set forth the full names of such persons,” is to provide for certainty of identification, and the requirement has nothing further in view.</p> <p>2. A name is the title used for the identification of the individual; and the provision referred to is sufficiently complied with, when the names with which the statement is signed and acknowledged are the names habitually used by the persons in business, and those by which they are generally known in the community.</p> <p>3. The object of the provision Of § 1, act of May 1, 1876, P. L. 89, requiring a schedule “ with a description and valuation of the property” conributecl to the capital of a limited partnership, is for the information of the parties interested, so that if they desire it they may have the data for their own judgment of the value of the property.</p> <p>4. Wherefore, a schedule describing and valuing as a whole several tracts of coal land, mining rights, privileges and appurtenances, acquired by different titles but merged together and formed into a coal works, and the whole described adequately for identification by a creditor, was a sufficient compliance with the statute.*</p>