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Delaware Supreme Court Affirms Contractual Exculpation
By Morris James LLP on May 28, 2013
Posted In LP Agreements
Norton v. K-Sea Transportation Partners L.P., No. 338, 2012 (May 28, 2013)
This decision affirms the consensus that a limited partnership agreement may set the standards for resolving a conflicted transaction and thereby absolve the controllers from any liability.
Tags: LP Agreements
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