Seaford Funding Ltd. Partnership v. M & M Associates II, L.P.

How courts have described this case

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

• finding that statutory provisions for derivative suit and disputed issues in limited partnership action were similar to statute and issues found in corporate law and, therefore, applying Aronson test for demand refused derivative claim
• limited partner’s power to maintain derivative action is terminated by general partner’s refusal to respond to a demand
• “[C]orporate standards apply to limited partnerships in the ‘demand excused’ analysis.”

Source: CourtListener parenthetical corpus (CC0).