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PAINE WEBBER QUALIFIED PLAN PROPERTY FUND

Civ. A. No. 15292.

698 A.2d 389 (1997)

In re PAINE WEBBER QUALIFIED PLAN PROPERTY FUND THREE, L.P. LITIGATION.

Court of Chancery of Delaware, New Castle County.

Decided: February 24, 1997.

Attorney(s) appearing for the Case

R. Franklin Balotti, Jesse A. Finkelstein, Matthew J. Ferretti and Raymond J. DiCamillo, of Richards, Layton & Finger, Wilmington, for Defendants.

Stephen E. Jenkins, Philip Trainer, Jr. and John S. Grimm, of Ashby & Geddes, Wilmington, for Plaintiffs.

OPINION

CHANDLER, Vice Chancellor.

Plaintiffs, limited partners of six defendant partnerships, assert statutory and contractual rights to lists of the limited partners. Lacking a proper purpose for their requests, plaintiffs have no statutory right to obtain the lists. Four partnership agreements, however, provide plaintiffs with a contractual right to obtain the lists without showing that their purpose is proper.

I. BACKGROUND

Plaintiffs...

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