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BOND PURCHASE, L.L.C. v. PATRIOT TAX CREDIT PROPERTIES

C.A. No. 16643.

746 A.2d 842 (1999)

BOND PURCHASE, L.L.C., Plaintiff, v. PATRIOT TAX CREDIT PROPERTIES, L.P. and RCC PARTNERS 96, L.L.C., Defendants.

Court of Chancery of Delaware, New Castle County.

Decided: July 23, 1999.

Attorney(s) appearing for the Case

Craig B. Smith and Robert J. Katzenstein of Smith, Katzenstein & Furlow, Wilmington, Delaware, for Plaintiff.

Gregory V. Varallo and Kelly A. Herring of Richards, Layton & Finger, Wilmington, Delaware; Joel S. Weiss, Mark Walfish and Adrienne B. Koch of Esanu Katsky Korins & Siger, New York City, of counsel, for Defendants.

OPINION

STEELE, Vice Chancellor.

I. Issues Presented

At issue is whether the defendant limited partnership is required to provide, pursuant to 6 Del.C. Section 17-305 and section 14.1 of the limited partnership agreement, the plaintiff, a non-limited partner investor in the defendant through its ownership of Beneficial Unit Certificates ("BUC$") issued by the defendant, with a list of the names and addresses of the defendant's partners...

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