Jennings, Beale & Co.'s Case
Jennings, Beale & Co.'s Case
Opinion of the Court
Howard’s Appeal.
An examination of the record with special reference to the several specifications of error has failed to convince us that the learned judge of the court below committed any error of which the appellants have any just reason to complain.
The decree of the court of common pleas is therefore affirmed and appeal dismissed, with costs to be paid by the appellants.
Jennings’s Appeal.
October 23,1893 :
This case was argued with No. 93 of this term in which a de
Decree affirmed and appeal dismissed with costs to be paid by the appellants.
Reference
- Full Case Name
- Jennings, Beale & Co.'s Case. Jennings's Appeal. Howard's Appeal
- Status
- Published
- Syllabus
- Costs — Equity—Parties—Limited partnership. Where a bill in equity is filed in the name of a limited partnership association and certain members of the association, as plaintiffs, against another member of the association as defendant, and on appeal the Supreme Court orders the costs to be paid by plaintiffs, the decree for costs is against the individual plaintiffs, and not against the association. Limited partnership — Liquidating trustees — Credits. The liquidating trustees of a limited partnership association are entitled to credit for salaries paid to persons employed in the management and care of the business. Compensation of liquidating trustees. A member of a limited partnership association who acts as a liquidating trustee, is entitled to compensation for his services as trustee. Interest on purchase money — Liquidating trustees. Where the liquidating trustees of a limited partnership association who are also members of the association, purchase the property of the association, and secure the purchase money by a bond and mortgage payable when certain litigation between themselves and another member of the association shall be finally determined, the trustees are liable for interest on the ' whole amount of the purchase money.