PARTNERSHIP EQUITIES, INC. v. MARTEN


15 Mass. App. Ct. 42 (1982)

443 N.E.2d 134

PARTNERSHIP EQUITIES, INC. & another vs. JAMES F. MARTEN (and a companion case).

Appeals Court of Massachusetts, Norfolk.

December 14, 1982.


Attorney(s) appearing for the Case

Herbert M. Linsenberg for the defendants.

William J. Rooney, Jr. (Peter D. Hanson with him) for the plaintiffs.

Present: KASS, ROSE, & SMITH, JJ.


KASS, J.

Under the amended agreement of limited partnership to which they subscribed, Amin J. Khoury and James F. Marten were each obligated to contribute $83,750 to the capital of Columbia-Heather, Ltd., a limited partnership organized under Ohio law. That partnership was engaged in the construction of a 110-unit apartment project in Toledo financed with a mortgage loan insured by the Federal Housing Administration. As is the mode in "tax shelter" deals —...

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