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WESTMINSTER PROPERTIES v. ATLANTA ASSOC.

39554, 39555.

250 Ga. 841 (1983)

301 S.E.2d 636

WESTMINSTER PROPERTIES, INC. et al. v. ATLANTA ASSOCIATES et al.; and vice versa.

Supreme Court of Georgia.

Rehearing Denied May 3, 1983.

Attorney(s) appearing for the Case

Macey & Sikes, John M. Sikes, Jr., Steven M. Forte, for appellants.

Cotton, Katz, White & Palmer, J. Michael Lamberth, for appellees.

HILL, Chief Justice.

Atlanta Associates, a limited partnership, was formed in 1970, with Westminster Properties, Inc. (Westminster) as one of the limited partners. The partnership executed a security deed to Westminster in 1973 to secure a loan in the original amount of $630,000. The partners were not personally liable on the loan and Westminster could not recover any deficiency from them.

The partnership agreement was amended in 1975, at which time Westminster...

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