Reitzel v. Whitaker

Citations

• 170 Pa. 306
• 33 A. 103
• 1895 Pa. LEXIS 1403

Syllabus

<p>Partnership — Limited partnership under act of March 21, 1836. — Liability of special partner — Misstatement of capital.'</p> <p>A special partner in a limited partnership under the act of March 21, 1836, P. L. 113, is liable for the debts of the firm as a general partner, where a renewal certificate of the form filed in the recorder of deeds’ office falsely states that the capital is unimpaired, although the special partner has no knowledge that the certificate is false. It is his legal duty to know the truth or falsity of the certificate. Fourth Street N. Bank v. Whitaker, 170 Pa. 297, followed.</p>