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Partnership records demand must state proper purpose (access required)

A limited partner’s demand to inspect partnership records must state a proper purpose for doing so. Overview Plaintiff is a limited partner of defendant Arrowhead Apartments. Plaintiff petitioned to inspect partnership records after becoming concerned about declining profitability, mismanagement and “a steeply discounted buy-out offer.” Plaintiff, dissatisfied with the extent of the information disclosed, filed an amended petition ...