My dad died on Feb. and had a CA limited partnership in a commercial property.Can this be sold ?

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My dad died on Feb. and had a CA limited partnership in a commercial property.Can this be sold ?

2006-06-28 10:52:17 · 2 answers · asked by victorhugo 1 in Business & Finance ➔ Personal Finance

2 answers

The partnership agreement will dictate what happens with that interest. The partnership probably has a right to redeem the interest at a formula spelled out in the agreement. I would track down the partnership agreement to determine what your rights are and/or contact the general partner to get a copy of the agreement.

2006-06-28 10:56:42 · answer #1 · answered by Phillip B 3 · 1⤊ 0⤋

yes...you can sell his share of the property....try to go for the highest bidder

2006-06-28 10:55:50 · answer #2 · answered by punk pirate 2 · 0⤊ 0⤋