Schuster Development Corp. v. Dade Saving & Loan Ass'n

District Court of Appeal of Florida

Schuster Development Corp. v. Dade Saving & Loan Ass'n

490 So. 2d 1048, 11 Fla. L. Weekly 1455, 1986 Fla. App. LEXIS 8606

CourtDistrict Court of Appeal of Florida

DecidedJuly 1, 1986

DocketNo. 86-355

StatusPublished

This text of 490 So. 2d 1048 (Schuster Development Corp. v. Dade Saving & Loan Ass'n) is published on Counsel Stack Legal Research, covering District Court of Appeal of Florida primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

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Schuster Development Corp. v. Dade Saving & Loan Ass'n, 490 So. 2d 1048, 11 Fla. L. Weekly 1455, 1986 Fla. App. LEXIS 8606 (Fla. Ct. App. 1986).

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Opinion

PER CURIAM.

Finding that the limited partnership agreement entered into by the parties expressly provided that Schuster Development Corp. [Schuster] be the liquidating trustee of the limited partnership, see § 620.74, Fla.Stat. (1983), and finding no basis in the record for the trial court’s substitution of Centrust Savings Bank as liquidating trustee, we conclude that the trial court abused its discretion. We therefore reverse and remand for reinstatement of Schuster as liquidating trustee.

Reversed and remanded.

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PER CURIAM.

Finding that the limited partnership agreement entered into by the parties expressly provided that Schuster Development Corp. [Schuster] be the liquidating trustee of the limited partnership, see § 620.74, Fla.Stat. (1983), and finding no basis in the record for the trial court’s substitution of Centrust Savings Bank as liquidating trustee, we conclude that the trial court abused its discretion. We therefore reverse and remand for reinstatement of Schuster as liquidating trustee.

Reversed and remanded.

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490 So. 2d 1048, 11 Fla. L. Weekly 1455, 1986 Fla. App. LEXIS 8606, Counsel Stack Legal Research, https://law.counselstack.com/opinion/schuster-development-corp-v-dade-saving-loan-assn-fladistctapp-1986.