Legal Question in Business Law in Indiana

can two partners vote out a third without refinancing a loan all three names are on?


Asked on 10/25/11, 7:25 pm

2 Answers from Attorneys

Kenneth Wilk Rubino Ruman Crosmer & Polen

No.

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Answered on 10/26/11, 6:10 pm
Burton Padove Indiana and Illinois Lawyer, Burton A. Padove

Maybe, depending to some extent on whether there is a partnership agreement and what provisions it has concerning partnership dissolution, etc. There may also be some ramnifications in the loan agreement.

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Answered on 10/27/11, 12:50 am


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