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Business Associations Keyed to Bainbridge
G & S Investments v. Belman
Citation:700 P.2d 1358 (Ct.App., Divi. 2, 1984)
Century Park, Ltd., is a limited partnership which was formed to receive ownership of a 62-unit apartment complex in Tucson. In 1982 the general partners were G & S Investments and Nordale. The remaining partnership interest was owned by the limited partners, Jones and Chapin. In 1979 Nordale began using cocaine, which caused a personality change. He became suspicious of his partners and could not communicate with other people. He stopped going to work and stopped keeping normal business hours. By 1981 Gary Gibson and Steven Smith had come to the conclusion that Nordale was incapable of making rational business decisions and that they should seek a dissolution of the partnership which would allow them to carry on the business and buy out Nordale’s interest.
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