San Diego Partition Lawyers
The City of San Diego was established on July 16, 1769. Today, San Diego's population of over 1.3 million makes it the eighth most populous city in the United States. As a town rich in history, residents of San Diego often own property with others due to inheritance, which can lead to disputes between co-owners. Generally, the best San Diego Partition Lawyers usually find partition action to be the best remedy for disputing co-owners in four broad categories:
- Split real estate dispute;
- Brother-Sister real estate dispute;
- Investor-Investor real estate dispute; and
- Significant other real estate dispute
While it is something that is definitely less common, partnership property is subject to partitions. Where the judge determines that the statutory provisions concerning partition are an appropriate remedy, those provisions may be used in a partnership accounting proceeding and dissolution proceeding, or a partition suit of partnership property, if the rights of unsecured creditors will not be prejudiced. (CCP § 872.730.) Code of Civil Procedure § 872.210(a)(2) allows for the partition of partnership property. Even where property is held in the name of one of the partners, the partnership property is allowed to be partitioned in a partnership accounting. (see Brown v. Fairbanks (1953) 121 Cal.App.2d 432.)
Code of Civil Procedure § 872.730 is an exception to Code of Civil Procedure § 872.710 where a partition of concurrent interests is a right. It codifies previous case law to the effect that partition is a suitable remedy when the partnership affairs have been adequately settled and the only thing left to do is divide or sell the disputed property. (Assembly Leg. Comm. Comment to CCP § 872.730.)
In the case of a partnership dissolution, the judge may order the partnership real property to be distributed in kind. This authority depends on a showing that holding a sale is not necessary to fulfill obligations of the partnership. (see Logoluso v. Logoluso (1965) 233 Cal.App.2d 523, 530.)
In Logoluso v. Logoluso, the court held that a division of the partnership property in kind was entirely proper in a dissolution of partnership proceeding where all the creditors were paid. If the partners demand a partition in kind, then it is required, despite the difficulty and inconvenience of the partition, unless the partition appears to greatly prejudice the other parties. (Logoluso 233 Cal.App.2d at 530.) Further, in a partnership dissolution action, the judge's discretion to order the partnership assets to be sold or distributed must be measured in light of all the existing circumstances when such discretion is exercised. (Logoluso 233 Cal.App.2d at 683.)
It is important to note that the partition of the partnership property is one instance where such partition of concurrent interests is not a matter of right. (CCP § 872.710(b).) A person intending to seek a partition of partnership property should ensure that they adequately understand the process.
At Underwood Law Firm, our San Diego Partition Attorneys are well-versed in the legal remedy of partition, and are ready to discuss your legal issues.
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