Is a limited partnership governed by the rule in Foss v. Harbottle?

Ontario, Canada


The following excerpt is from Covia Canada Partnership Corp. v. PWA Corp., 1993 CanLII 9429 (ON SC):

I am of the view that particulary given the contractual arrangements of s. 2.5 (g) of the subject limited partnership agreement that the parties thereto implicitly recognized that their limited partnership should be governed by the rule in Foss v. Harbottle. I pause to note that corporate law in England in 1843 was evolving; I am. of general understanding (but stand to be corrected) that corporations in those days were to some greater degree than now akin to partnerships, at least to limited partnerships.

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